15 April 2011 00:00
The nations revenue from oil exports rose 46 percent from 2009 to N9.15 trillion ($59 billion) in 2010, as companies raised output on improved security in the Niger Delta, the National Bureau of Statistics stated yesterday. Nigeria earned $196 billion from oil and gas exports in the four years from 2007 to 2010, the statistics office said in a statement. The Federal Government depends on oil exports for more than 80 percent of its revenue and 95 percent of foreign exchange income.