Fresh concerns over budget 2025 as oil price drops to $59 per barrel

By Udeme Akpan, Energy EditorTHERE were increased concerns over the implementation of Nigeria’s 2025 budget, weekend, as oil price dropped further to $59 per barrel from more than $70 per barrel, the lowest this year.This is about 15.7 percent lower than this year’s peak price of over $70 per barrel.Funding of the budget was benchmarked on $75 per barrel and more than two million bpd, including condensate. Also, in its April 2025 Monthly Oil Report, the Nigerian Upstream Petroleum R