raker300:
I thought they said it's because the oil prices fell is the reason our economy is bad?

Now oil prices have improved, the efcc claimed to have recovered 20 trillion from pdp and saved 6 trillion from TSA...why is our economy still bad?

FabioPeter:
For the records our production quota is 2million barrels per day. We are currently producing 1.2mil bopd due to vandalism of our facilities.
We would benefit marginally if the price goes up as expected but the real deal for us is ensuring peace in the Niger Delta so we can grow our production.
If we meet our quota which by the way our budget is benchmarked against, we could strive to do more and feed our refineries so we rely less on fuel import which stifles our foreign reserve.
It's time to wake up from our slumber.

Silverstars:
Naira still won't rise

Silverstars:
Naira still won't rise

iambabaG:
This is just a short term remedy..
We need to diversify the economy! This are just pointers the oil will soon be a useless commodity..
We need some radical shift in country's earnings! Unless titanic will just be a child's play

jaytime:
That's the way to go. That will definitely push the crude price up. Atleast it will help Nigeria make some more income to fund our budget and spend our way out of the recession. My worries is now is, will they still cut our own supply too? Cos we've not in recent times been able to meet our supply quota due to myriads of factors. We can only pray government look into the Niger Delta issues and see how it could be resolved so we can reap maximum benefit from this move by OPEC.

adioolayi:
Abeg lower the output....although, Nigeria has been forced to lower output by the activities of those criminals called militants

FabioPeter:
For the records our production quota is 2million barrels per day. We are currently producing 1.2mil bopd due to vandalism of our facilities.
We would benefit marginally if the price goes up as expected but the real deal for us is ensuring peace in the Niger Delta so we can grow our production.
If we meet our quota which by the way our budget is benchmarked against, we could strive to do more and feed our refineries so we rely less on fuel import which stifles our foreign reserve.
It's time to wake up from our slumber.

jaytime:
That's the way to go. That will definitely push the crude price up. Atleast it will help Nigeria make some more income to fund our budget and spend our way out of the recession. My worries is now is, will they still cut our own supply too? Cos we've not in recent times been able to meet our supply quota due to myriads of factors. We can only pray government look into the Niger Delta issues and see how it could be resolved so we can reap maximum benefit from this move by OPEC.

Agimor:
Good news I hope those miscreants would continue to sabotage the oil facilities in the light of this new agreement.

raker300:
I thought they said it's because the oil prices fell is the reason our economy is bad?

Now oil prices have improved, the efcc claimed to have recovered 20 trillion from pdp and saved 6 trillion from TSA...why is our economy still bad?

kaen1317:
read the article

gemale:

We were exempted along wt Iran & Libya.

raker300:
I thought they said it's because the oil prices fell is the reason our economy is bad?

Now oil prices have improved, the efcc claimed to have recovered 20 trillion from pdp and saved 6 trillion from TSA...why is our economy still bad?

jaytime:

That's a fair decision cos we are even struggling to meet our relatively little quota.