Nigerian government revenue rose 8 percent in July
Oil Revenue up 22% in July on Improved Security
Nigerian government revenue rose 8 percent to 825.4 billion naira ($5.3 billion) in July compared with 763.6 billion naira in the previous month as oil revenue climbed 22 percent, the country’s accountant-general said. “This was due to the increased quantity of crude oil exported this month,” Accountant-General of the Federation Jonah Otunla said in a statement e-mailed yesterday. Oil revenue rose to 646.5 billion naira in the month, while non-oil revenue dropped 23 percent to 178.9 billion naira compared with June, Otunla said.