Get Latest Tori News Alert!
Enter your email below.

Delivered by FeedBurner





Hot Stories
Recent Stories

Nigeria’s Low Oil Production Is Not Enough To Cover Petrol Import Costs - Minister Of Finance, Zainab Ahmed

Posted by Amarachi on Fri 27th May, 2022 - tori.ng

Ahmed further revealed that the federal government is hoping that oil production will average 1.6 million barrels per day (bpd) this year.

Ahmed

Minister of Finance, Zainab Ahmed


Minister of Finance, Zainab Ahmed has disclosed that the nation's low oil production is not enough to cover the cost of petrol import.

The Minister said this in an interview with Reuters on the sideline of the World Economic Forum (WEF) in Davos on Thursday May 26.

Ahmed further revealed that the federal government is hoping that oil production will average 1.6 million barrels per day (bpd) this year.

She said;

“We are not seeing the revenues that we had planned for.

“When the production is low it means we’re … barely able to cover the volumes that are required for the (petrol) that we need to import.”


 



Top Stories
Popular Stories


Stories from this Category
Recent Stories