Nigeria Loses N8.7trn For Failing To Meet OPEC Quota In 8 Months

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  • Misses 144 Million Barrels, Produces 288mb

  • 356 Illegal Oil Refineries Uncovered In 2 Months

  • FG Urged To Tackle Crude Oil Theft


Nigeria lost over N8.7trillion at N758/$ between January and August because of the country’s inability to meet its quota allocated by the Organisation of Petroleum Exporting Countries (OPEC), Daily Trust on Sunday reports.

This is coming amid a deeper debt crisis, with experts calling on the federal government to take urgent steps to boost revenue by taming oil theft.

Nigeria, Africa’s biggest crude producer, failed to drill 144 million barrels of crude oil…

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