- Advertisement -
NewsPolitics

Nigeria Has Earned $94bn From Oil In Three Years – Osinbajo

OsinbajoYemi Osinbajo

Vice President Yemi Osinbajo has disclosed that the total earning which accrued to the Nigeria’s Federal Government from oil sales in the past three years is $94 billion.

Speaking on Tuesday during a town hall meeting in Bariga/Somolu LCDA in Lagos State, he stated that in the four years preceding the APC administration, the PDP government earned about $393 billion in oil sales but made less impact on the livelihood of ordinary Nigerians.

Osinbajo said: “In the past four years of the previous administration, over $393 billion was earned in oil proceeds alone. In the past three years, we have earned $94 billion. Look at the difference.

“And the reasons are very straightforward. The price of oil was about half of what it used to be. But with the same $94 billion, we have been able to do far more.”

The vice president noted that the administration’s National Social Investment Programmes (N-SIP) were geared towards improving the welfare of Nigerians.

“The president’s focus has always been on the common man. So, when we came, we decided on a few things to tackle youth unemployment. First, the N-Power programme to engage as many young people who are graduates as possible.

“We started with 200,000, and just this month, we have employed another 300,000. So, in our N-Power programme, we have 500,000 young graduates who are employed in the programme. Now every local government (area) in Nigeria has N-Power graduate,” he said.

Source: OkayNG.com

Receive Alerts on: Whatsapp: CLICK HERE (WhatsApp Only), Follow us on Twitter: @OkayNigeria.


Farouk Mohammed
the authorFarouk Mohammed
Chief Editor
Farouk Mohammed is a Senior Editor at Okay Nigeria (OkayNG.com). He has been publishing for 5 years and focused more on Local/World News on OkayNG.com.

Leave a Reply

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this. - Read our Privacy policy

Close