The Nigerian presidency has dismissed claims by former Vice President Atiku Abubakar that the country received a windfall of N7.98 trillion from oil revenues, according to a statement released on Sunday. The claim, which surfaced in recent discussions, was described as misleading and based on incomplete data. The presidency emphasized that the figure did not accurately reflect the actual revenue generated from oil exports.
The statement clarified that the windfall figure was derived from a specific calculation method that excluded certain factors, such as the cost of oil production and international market fluctuations. It also noted that the government had consistently provided transparent data on oil revenue through official channels.
The presidency urged the public to rely on verified sources for information on national finances. The clarification comes amid ongoing debates about the management of Nigeria’s oil wealth and the need for greater transparency in fiscal reporting.
( businessday.ng )
