Nigeria didn’t meet oil revenue target in H1 2025, says budget office

[NigerianEye - Nigeria] - 23/12/2025
The budget office of the federation says Nigeria did not meet oil revenue targets in the first and second quarters (Q1 and Q2) of 2025. The office, in its Q1 2025 budget implementation report, said gross oil revenue stood at N4.55 trillion in the reviewed quarter. The government agency said the figure represents a shortfall of N8.21 trillion (64.35 percent) from the N12.76 trillion “prorate projected quarterly gross oil revenue in the 2025 budget”. “It was, however, ₦1.20 trillion (35.82 percent) above the actual gross oil revenue of ₦3.35 trillion generated in the corresponding period of (…)
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