Lagos – Nigeria’s crude oil production has increased from one million barrels per day in 2008 to 2. 6 million barrel per day due to the improvement in post-amnesty programme. President Goodluck Jonathan made this known in an address at the official opening of Nigerian Oil and Gas (NOG) conference in Abuja. The President, who was representated by the Special Adviser to Government on Petroleum Resource, Mr Emmaunel Egbogha, said that the post-amnesty initiative was working. He said that the new level of oil production had fully justified the amnesty policy as initiated by the Federal Government. Jonathan urged all the local and state governments to engage the youth in various capacities and rehabilitate them towards national development. “This is evidenced in the growth of the oil production from an average of one million per day of crude oil and condensate in 2008 to an average of 2.6 million per day of crude oil and condensate in 2010 and today. The President said that the post-amnesty programme was creating jobs for youths as alternative to violence.

http://www.vanguardngr.com/2011/02/nigeria’s-crude-oil-production-rises-to-2-6m-barrels-daily-fg/

Hurray!We are now producing more and selling higher at 100 Dollar.

Wow, good news. Is this sustainable? How come this is not translating to increase in Excess crude Account and Reserves? Price of Brent crude is now at $107

No one commented, sorry 4 dis short-sighted fellows on nl

2.6 Million x $107 = $278.2 Million daily = $8.34 Billion monthly = $100 Billion Annually.

Ka-Ching!!

Question - Would 'Ojukwu' have become another Gaddafi?

As they say - power corrupts.

(Just a thought)

The more the Middle East implodes, the more money Nigeria and Angola makes. . .

Now, if we can stop our politicians from wasting money and get strategic with investments, that will be something. . .

EzeUche_:

Mehn if Biafra had succeeded, we would be compared to Western and Asian nations instead of fellow African nations. And it would be a much smaller crowd to spread the money around. Parasitic Nigeria. . .

Yep.

Thank God... If Buhari likes, he should take some cursed crocodiles to go smile or rather cry again in the ND.
Never have I seen a man or leader as divisive as buhari