Nigeria’s third-quarter growth figures, announced on Monday, showed the economy is still struggling, if the latest fiscal figures are anything to go by.

Africa’s biggest oil producer raised N682 billion ($1.9 billion) of revenue in October, barely 60 percent of the average monthly estimate in 2018 budget.

The government has fallen short of its target every month this year, which is one reason why Mr Emmanuel Kachikwu, the oil minister, said when asked why Nigeria would only make a small contribution to OPEC’s supply cut: “We need the money.”

Bloomberg