Nigeria Loses Whopping N2.2 Trillion Due To Crude Oil Production Deferment - Nigeria News
5/23/2022 12:00:00 AM2 years 11 months ago
by Rachel Okporu
by Rachel Okporu
Data from the Nigeria Extractive Industries Transparency Initiative for 2021 reveals Nigeria lost N2.2 trillion in one year due to the Deferment of crude oil output and the massive loss also occurred in 2020. The finding comes after the country’s crude oil pr…
The finding comes after the country’s crude oil production has been consistently low for the past two years. Deferment is a reduction in production or injection availability caused by an activity, b… [+1611 chars]
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