NEWSLabaran Yau

Nigeria’s Crude Oil Earnings In USD From 2012 To 2022 According To National Bureau Statistics

Nigeria’s Earnings From Crude Oil Export
According to National Bureau Of Statistics, Nigeria has recorded it’s earnings by years from 2012 to Date in USD.

Here is the break down of Nigeria’s Crude Oil earnings from 2012 to date on Labaranyau.

2021 — $36.05 billion
2020 — $26.09 billion
2019 — $47.86 billion
2018 — $49.51 billion
2017 — $36.06 billion
2016 — $27.02 billion
2015 — $34.93 billion
2014 — $74.74 billion
2013 — $75.07 billion
2012 — $98.63 billion

According to Dr. Ugo Egbujo so much has been said about what the APC borrowed.

Let’s put things in context

Nigeria’s total external debt is about 40B

I know our weak revenues make these debts burdensome

But let’s check out something

In 2012 Nigeria earned 98 B from oil

In Buhari’s second year 2016 Nigeria earned 37 Billion from oil

So comparing 2012 and 2016

The fall in earning was about 60 B dollars

That’s more than all Buhari’s external borrowing for 7 years

 

Yet the PDP that couldn’t fix anything from 2010 to 2015 moans and moans .

From 2010 to 2015 the PDP earned 410B

From Buhari’s assumption of office till end of 2021 APC earned about 250B

That difference in earning for that period 5 and 1/2yrs for PDP and 6 and 1/2 years for APC

Is almost 150B dollars.

Our total debt profile is 103 billion

So for the APC to have about same money the PDP had on a small frame of time the APC would have needed to borrow 150B.

The huge shortfall in oil revenues lend sone justification to the borrowings. Even with the scope of loans , the APC has had much less than what the PDP had.

He said “I think the PDP should shut up a bit”

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