This announcement follows the success of the first accordion tranche of the $3.3 billion facility
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.
“The Nigeria Navy has put everything on the ground to ensure that it curbs illegal crude oil theft in the Niger Delta.”
Any fuel price hikes affect the Nigerian economy in ways that run much deeper than they do practically everywhere else in the world.
“We have only three more days, all airlines in Nigeria will shut down,” Mr Onyema said.
