Senator Ali Ndume stated that the depreciation of the naira against the dollar is not leading to losses for the federal government, but rather increasing revenue to support the funding of its 2024 budget. He mentioned that the 2024 budget, presented by President Bola Ahmed Tinubu in November, operates on a 'dollarised' income basis, with a significant portion of government revenue stemming from crude oil exports priced in dollars.
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