To view the video please click here.
Taiwo Oyedele, Head, Tax and Co-operate Advisory Services, Price Water House says that the reason why Nigeria is facing a fall in oil price is because "we failed to plan two, three years ago. This is line with the 2015 budget presented by the Minister of Finance, Ngozi Okonjo-Iweala that it is based on some key indicators like $65 per barrel in oil price, production level is 2.27 million barrels per day and the growth rate based on the new parameters of the country, from 6.35-5.5%.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.