NIGERIA OIL AND GAS BUSINESS: A TYPICAL AND CLASSICAL FAILURE 2
….from part 1, this is the concluding part... “The purpose of Propaganda is to make one set of people forget that other sets of people are human” -Aldous Huxley Let us come back home now, how much is Nigeria daily Oil production per day? According to Google, Nigeria daily production is 2.19 million bpd. But Dr. Atul, during our discussion put it like “Nigeria has capacity of 2.5 million barrel/day but their current production is lower at approximately 1,459 million bpd. Quoting my mentor, he said, ” See how much Nigeria is losing in terms of US$ annually and on recurring basis" I know both sources are right. Only that, the latter source is most current. Now this is my understanding… Nigeria has oil, proven Oil deposit of about 37.50 billion barrels, with very low daily production. The reality on ground is that Nigeria has what USA has and that same resources, is given USA close to half a Trillion US$ annually. So what’s the problem with us, why are we s...