Budget deficit hits N19.2bn daily –Kachikwu …as power generation dips by 50% in six months Adeola Yusuf
N
igeria’s daily crude oil production shortage has
peaked to one million barrels per day, Minister of State for Petroleum Resources, Dr. Ibe Ka-
chikwu, hinted yesterday in Lagos. With crude selling at $48 per barrel at the global
market, this means that Nigeria’s budget deficit on the one million barrels shortage now stands at $48 million daily. Kachikwu disclosed
this hours after his counterpart in the Ministry of Power, Works and Housing, Babatunde Fashola, declared that power generation had also crashed
NLNG Act amendment: $25bn investments in jeopardy, says Omotowa
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by over 50 per cent between February and August 2016. The duo spoke at the Annual August Conference of the National Association of Energy CorCONTINUED ON PAGE 2
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Lassa fever kills doctor, three others in Anambra }41
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Pastor gave me charm to kidnap children –Suspect }9
Appeal Court upturns Ikpeazu’s sack }41
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UK, Rivers partner on security, education, agriculture }2
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10 feared dead as prisoners riot Adewole
Pastor Alozie and Emeruo
Ikpeazu
Wike
Army, police foil jailbreak }2
Fear grips Lagos community as gangsters shoot schoolgirl }33
President Muhammadu Buhari (left) and Governor, Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, at the annual meeting of the Association of African Central Banks (AACB) in Abuja...yesterday
FG slams $31.4m fraud charge on Jonathan's aide
Dumebi
lDudafa, seven others face fresh suit
deadly disease, smallpox, could return –Experts
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