Crude proceeds unable to fund Nigeria’s budget in 20 years

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The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has warned that Nigeria may not be able to fund the expenditure proposals in its national budget majorly with monies earned from the sale of its crude oil in about 20 years from now, THISDAY reports.

Kachikwu, said in an early Thursday morning conversation he had with journalists before the 173rd meeting of the Organisation of Petroleum Exporting Countries (OPEC) conference commenced in Vienna, the capital of Austria, that emerging…

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