There are many reasons why Nigerians do not trust politicians, top of the list of the reasons is dishonest.
They were then followed by corruption, transparency, and accountability issues.
Just a few days ago, a certain minister said we could achieve the production of 1.7 million crude oil barrels per day.
Today, facts are out that Nigeria failed to meet crude oil production expectations of 96,130 b/d
So does this mean Nigeria is counting her eggs before hatching them?
Nigeria’s crude oil production capacity fell in November leading to a drop in production output.
The one-time highest crude oil producer in Africa could only produce 1,466,185 barrels of crude oil per day.
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Revealing this on Wednesday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said this was our production capacity for November 2023.
According to NUPRC, this is a decline from the 1,562,315b/d produced in the previous month of October 2023.
NUPRC Reports That Nigeria’s Production Fell 96,130 BPD
The commission noted that the production dipped by 96,130b/d in the period under review.
In its report tagged “Crude Oil and Condensate Production November 2023,” the commission noted that in the month under review crude oil output was 1,250,299 bpd.
The report further said 49,426b/d of blended condensate was produced in the period under review.
According to the data, Nigeria produced 166,429b/d unblended condensate in November 2023.
The report indicates that the country failed to meet its Organization of Petroleum Exporting Countries (OPEC) quota of 1.8mb/d in 11 successive months in 2023.
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Nigeria did not meet the production quota the cartel approved for it last year.
Crude oil theft and pipeline vandalism have been blamed for the downtime the country is grappling with.
Meanwhile, the Minister of State Petroleum Resources, Senator Heineken Lokpobiri on Monday continued lying to Nigerians, giving them false hope.
Lokpobiri had vowed to Nigerians that the 1.7 million barrels per day (bpd) crude oil production benchmark in the 2024 budget will be met and surpassed.
