3 Tweets 1 reads Oct 16, 2023
Nigeria Q1 2023
Net earnings from Crude oil & Gas: N486b
Net earnings from Solid Minerals: N1.99b
Personal Cost: N978b
In essence, ALL of Nigeria's crude oil sales, including Gas, Royalties, etc, plus foreign Exchange gains, can't pay the salaries of Federal workers.
Nigeria Q1 2023
Net earnings from Crude oil & Gas: N486b
Interest on borrowing From CBN: N912b
The illegal Ways and Means printing of N23t by the CBN led by Godwin Emefiele cost Nigeria N912b in Q1 2023 alone!!!
Note thus EXCLUDES foreign and Domestic debt.
Nigeria Q1, 2023
Nigeria's excess crude is below $500,000
Nigeria paid NOTHING into a sinking fund to retire debt
Nigeria fiscal deficit in Q1 2023 is N2.25t

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