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Oil Output Slump Puts 2025 Budget at Risk - NESG
The Business NG
|The BusinessNG
The Nigerian Economic Summit Group (NESG) has raised the alarm over the continued decline in oil sector performance, warning that it could severely undermine the effective execution of the 2025 federal budget.
In its latest publication, NESG 2025Q1 GDP Alert, the private-sector think tank revealed that Nigeria's crude oil production in the first quarter of 2025 fell significantly short of the government's benchmark of 2.06 million barrels per day. This production sho
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