Nigeria Govt Revenue Falls 21.5% in March due to Oil Outages

Source: Reuters 4/21/2015, Location: Africa

Nigeria's gross government revenue fell 21.5 percent to 315.04 billion naira ($2 billion) in March due to trunk and pipeline shutdowns and lower earnings from the non-oil sector, the accountant general said.

Nigeria distributed a total 435.06 billion naira to local, state and federal government for the month of March compared with 522.05 billion naira shared in February, Jonah Otunla, the accountant general told reporters late on Monday.

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