Reported by: Ijeoma G | Edited by: Henry Owen | Stone Reporters News
Nigeria has experienced a significant crude oil production shortfall of approximately 93.74 million barrels between January and August 2025, raising concerns over the country’s ability to finance its national budget for the year.
The deficit is estimated to have resulted in a loss of about $6.8 billion in projected oil revenue, marking a major setback for Nigeria’s primary source of budgetary funding.
Analysts warn that the shortfall could affect government spending plans, delay development projects, and put pressure on fiscal policies aimed at sustaining economic stability.
The Federal Government is expected to review alternative funding measures to mitigate the impact of the crude oil production gap and ensure continuity of critical budgetary obligations.
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