The president of the Senate, Dr Godswill Akpabio, says with careful planning and execution, Nigeria can meet the Organisation of Petroleum Exporting Countries (OPEC) quota of 1.8 million barrels per day.
Akpabio spoke at the National Assembly Capacity Building Workshop organised by the Independent Petroleum Producers Group and the Oil Producers Trade Section on Monday in Abuja.
He said the determination and effort of the Federal Government yielded this dividend and had given hope that Nigeria could attain the OPEC quota with careful planning. "These sectors have been neglected; we do not have the groundnut pyramids in the North anymore, we do not have the cocoa house in the West anymore, we do not have the palm plantation in the East anymore."A resource cost is a situation in which nations fail to use their wealth to improve the living condition of their people and foster their economy," he said.There was a problem processing your submission. Please try again later.
Mr Osten Olorunsolasaid, Chairman, Energy Institute, Nigeria said oil theft and sabotage seemed to be visible reasons for Nigeria's oil production decline, though there were others.
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