Friday 6 December 2013

Okonjo-Iweala, To Tell Nigerians How Much The Country Earns From Crude Oil



The Rivers State Government has dared the Minister of Finance and the Coordinating Minister of the Economy, Dr. Ngozi Okonjo-Iweala, to tell Nigerians how much the country earns from crude oil sales.

Rivers also challenged the minister to open up on the quantity of crude oil being produced, its market value and the differential between oil prices.

These are the Questions

“How much oil does Nigeria produce? Where is the differential between the oil pump prices? What price is our oil being sold? How much have we earned from our crude oil sales in the last year?

“What percentage of budget 2013 does our crude oil sales revenue fund? Can the Honourable Minister assist in shedding more light on the subsidy savings since the reduction in petroleum subsidy?

“The red herring of how much Rivers State has received from the federation account can be the matter for another day as right now those figures are not in contest, and the spat against Governor Amaechi is unnecessary.”

Hope to hear the answers soon enough

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