MUHAMMADU BUHARI, GCFR
Jamilu Auwalu Adamu

ABSTRACT

The paper presents Jameel’s Advanced Contractional, Normal and Expansional Economic Circles’ Revenue/Budget/Tax Formulas and Methods. Also, the paper cited how Nigerian Policy Makers Hugely Overestimates Projected Oil Revenue thereby producing Very Huge Gap between Projected Oil Revenue and Realized Oil Revenue. An attempt has been made using Jameel's advanced formulas to Narrow the Huge Gap that exists between the Projected Oil Revenue and Realized Oil Revenue. The paper recommended that (a) If Governments involve Highly Qualified Modern Quantitative and Qualitative Risk Management Professionals, Audit, Accounting and ICT Professionals whenever projecting Nigerian Revenues, Budgets and Taxes, the future Economic and Financial crises would have very Thin Probabilities of Occurrence (b) If Governments adopt the use of Very Highly Sophisticated Advanced Financial Softwares, Application Packages, Programming Languages as well as the Mathematical, ~Statistical and Econometrical Formulas whenever projecting Nigerian Revenues, Budgets and Taxes, the future Economic and Financial crises would have very Thin Probabilities of Occurrence and finally (c) If (a) and (b) mentioned above applied the ongoing Nigerian Economic and Financial Crisis will soon be curtailed. Keywords: Government Projected Oil Revenue, Realized Oil Revenue, Jameel’s Projected Revenue Formulas, Mathematical, Statistical, Econometrical.