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Nigeria Nears Economic Collapse; External Reserves Down To $15 Billion - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Nigeria Nears Economic Collapse; External Reserves Down To $15 Billion (1037 Views)

External Reserves Fall By $1.8bn In 10 Weeks / Nigeria Nears OPEC’s Renegotiated 1.5 Million BPD Quota / External Reserves Slides To 27 Months Low (2) (3) (4)

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Re: Nigeria Nears Economic Collapse; External Reserves Down To $15 Billion by techWriter3: 10:11pm On Aug 03, 2022
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Re: Nigeria Nears Economic Collapse; External Reserves Down To $15 Billion by Christistruth00: 10:44pm On Aug 03, 2022
DeLaRue:


Unfortunately, Nigeria's production level means we can't take full advantage of the current high price.

Most of Nigeria's gas is still in the soil. Increasing production massively & installing the necessary facilities to export the gas requires billions of dollars and will take up to 5yrs.

You can't just increase gas production & start exporting straight away.


Nigeria has all the Joker Cards

Europe is desperate and ready to set up the infrastructure for Nigeria

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