Nigeria’s Inflated Oil Revenue Projection Tied to Lawmakers’ Bogus Project Allocations
Abuja, Nigeria — Concerns have emerged over Nigeria’s inflated oil revenue projections for the fiscal year, with reports indicating that the figures may have been manipulated to accommodate questionable constituency project allocations by lawmakers. According to sources within the budget oversight framework, the overestimation of oil revenue—amid fluctuating global oil prices and persistent production challenges,