Nigeria lost N2.3tn revenue to oil theft in 12 months — IOC
kolaking.substack.com
Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft. This translates to about N2.3tn loss in oil revenue if the prevailing exchange rate and average oil price are used.
Nigeria lost N2.3tn revenue to oil theft in 12 months — IOC
Nigeria lost N2.3tn revenue to oil theft in…
Nigeria lost N2.3tn revenue to oil theft in 12 months — IOC
Nigeria has lost an opportunity to produce and sell about 65,700,000 barrels of oil in the last one year due to issues bothering on pipeline vandalism and the resultant oil theft. This translates to about N2.3tn loss in oil revenue if the prevailing exchange rate and average oil price are used.