Low internal revenue generation leaves 21 states vulnerable to oil shocks 

Nigerian states generate N1.1trn in 2018 as Ondo records fastest IGR growth

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With the continued United States sanction on Iran and Venezuela, and the OPEC cut which has mopped up excess supply of crude oil, sending prices above Nigeria’s budget benchmark of $60 per barrel so far in 2019, many of the states in the country have managed to stay afloat. The story would, however, be different…

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