• Attacks on oil installations, vandalism crash monthly allocation by N90.2bn

    Attacks on oil installations, vandalism crash monthly allocation by N90.2bn

    Despite increase in average price of crude oil at global market from $46.0 per barrel in May to $48.43 in June, sustained attacks on oil installations and pipeline vandalism have reduced total allocation available for sharing to the three tiers of government by N90.2 billion.

    The picture was made clearer yesterday as the sum of N420 billion was approved for September for sharing as against N510.270 billion disbursed among the three tiers of government in August.

    Militant attacks on oil installation led […]