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The Nigerian Oil and Gas sector, recorded a
decline of N3.6trn in output in the 2015 fiscal year.
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The National Bureau of statistics revealed in
monetary terms, the sector recorded and huge declined of 37.5 percent from N9.61
trn in 2014.
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The Bureau stated that the sector witnessed its
worst performance in recent times during these periods.
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It attributed constitutional challenges as
reasons why Nigeria did not build a fiscal buffer when oil prices were at $140
per barrel.
CULLED FROM THE PUNCH
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