Senegal projects 703.2 billion FCFA in oil revenues between 2027 and 2029
via SeneNews1 min read
The Senegalese government expects to generate 703.2 billion FCFA in oil revenues between 2027 and 2029, according to Cheikh Diba, the Minister of Economy, Finance, and Planning. These funds are intended to boost social sectors and support poverty reduction efforts. The projected revenues include 397.8 billion FCFA in 2027, 168 billion FCFA in 2028, and 137.4 billion FCFA in 2029. The minister stated that these resources will primarily finance social sectors to support poverty reduction policies. They will also be used to assist small and medium-sized enterprises SMEs, fund agricultural campaigns, and support various social programs implemented by the state. The revenue forecasts were revised to account for recent disruptions in the international oil market.
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