The latest data from the April 2022 Monthly Oil Market Report of the Organisation of Petroleum Exporting Countries showed that while oil prices had been on the increase since January this year, Nigeria’s production had been on the decrease.
However, despite the rise in global crude oil prices, Nigeria’s earnings from the sale of the commodity had been dropping due to the monthly plunge in its oil production. The country’s crude oil production crashed further by 744,000 barrels in March 2022 when compared to what the country produced in the preceding month of February.
The average prices of Brent crude, the global benchmark for oil, in February and March 2022 were $97.13/barrel and $117.25/barrel, according to data from the global statistical firm, Statistica.
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Political campaign funds being stolen from Nation coffers by those in charge of oil production. Govt claim to spend on Military that can hunt down humans with no economic value but can't secure nation's wealth being stolen. Criminal negligence with insecurity forces complicit
Nigeria will still hike
AFE BABALOLA 'buhari should suspend 2023,set up intérim govt' NNAMANI 'Buhari should déclare state of émergence' THEY ARE RIGHT take à look from the PRISM Nigeria has been working on an ABSENCE of a LEGAL CONSTITUTION SINCE 1999