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Nigeria

President Tinubu’s oil optimism doesn’t add up, yet

Local companies taking over onshore production and international offshore plays won’t plug the revenue holes

Widespread scepticism greeted President Bola Tinubu’s ‘Budget of Restoration’ when he presented it to the National Assembly on 18 December – mainly due to doubts about the oil revenues that are projected to fund 40% of planned N47.9 trillion (US$31 billion) expenditures.

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