The Federal Government realised the sum of $305billion as revenue inflows from the oil and gas sector from 2014 to 2024, it was learnt yesterday.
The Nigeria Extractive Industries Transparency Initiatives (NEITI) disclosed this when its executive secretary/national Coordinator, Orji Ogbonnaya Orji appeared before the Senate Public Accounts Committee (SPAC) in Abuja.
According to Orji in his presentation on the 2021 – 2023 reports on Oil, Gas and Solid Minerals in the country, said Nigeria earned $54.5 in 2014, $24.79 in 2015, $17.05 in 2016, $20.9 – 2017, $32.62 – 2018, $34.21 – 2019, $20.43 – 2020, $23.04 – 2021, $35.7 – 2022 and $30.86 in 2023.
Orji further disclosed that the country earned $831.14 from the oil and gas sector from 1999 – 2023.
He said the country produced 800.49 barrels of crude oil in 2013, 798.60 barrels in 2014, 776.6 – 2015, 659.30 – 2016, 690.50 – 2017, 701.10 – 2018, 735.20 – 2019, 646.70 – 2020, 656.20 – 2021, 490.95 – 2022 and 537.00 – 2023.
