There’s huge panic now in Nigeria as USA tops the list’s over oil production in the world.
Do you know that recently U.S oil production hit whopping 11.6 million bpd?
This is news is really going to hit Nigerian oil companies hard.
Kindly take a look at the below data so you’d understand more.
Present we produced average 1.7 million barrels a day, a barrel is about $70 dollars .
1.7 times 70 = 119 million dollars a day.
119 times 30= 3.5 billions dollars plus a months
3.5 billion times 12= $42 billions plus a year.
With the above records, hope you know that Nigeria is among the poorest of nations?
Since many of the big companies in Nigeria deal on oil and gas business, do you think the level of employment in Nigeria will remain the same?
Share your opinion on this with us below via the comment box below.