Despite rising crude oil prices, revenue accruable to the Federation Accounts Allocation Committee (FAAC) from crude sales has nosedived within the last six months due to the burden of petrol subsidy, prompting the government to borrow more.
The reduction in federally collected revenue is also pu
```
Members Only
Login or create an account to continue
This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.
New to BusinessDay? Register now and start reading.
```
Oladehinde Oladipo
Dipo Oladehinde is a skilled energy analyst with experience across Nigeria's energy sector alongside relevant know-how about Nigeria’s macro economy.
He provides a blend of market intelligence, financial analysis, industry insight, micro and macro-level analysis of a wide range of local and international issues as well as informed technical rudiments for policy-making and private directions.
