Nigeria’s 2023 budget proposal as presented by the President to the National Assembly on Friday has further exposed the country’s financial predicament.
The massive theft of the country’s crude oil means a huge shortfall in foreign exchange earnings and significantly lower revenue to fund expenditures.
Also read: Oil Theft: Lawan, Gbajabiamila call for stricter handling of culprits
Speaker of Nigeria’s House of Representatives Femi Gbajabiamila told President Buhari that it is a case of economic sabotage and threat to national sovereignty.
(Editor: Nkoli Omhoudu)
