Some oil and gas industry stakeholders have projected rapid economic growth for Nigeria in 2024 based on increased oil production.
Nigeria says it will meet the 2024 crude oil production budget benchmark of 1.7 million barrels per day.
“Our exports should also be priced in naira. Even our crude oil; we have very quality crude, it should be priced in naira.’’
NNPC CEO Mele Kyari reiterated the minister’s target, adding that all hands are on deck to bring the refinery back onstream.
The review is expected to be held before the second week of December 2023.
“The APC government has promised Nigerians that they are going to create an opportunity for industry to thrive in the country.”
Mr Ribadu estimated the value of 400,000 barrels of crude oil at about 4 million dollars, and blamed the loss on the country’s high cost of living.
Mr Lokpbiri gave the assurance on Friday during a facility inspection of the refinery.
“I expect that part of federal government’s immediate plan is to get our local refineries working.”
