DECEMBER 9, 2022
Government

Nigerian President Buhari blames militants, Boko Haram for drop in oil revenue

Nigerian President Buhari blames militants, Boko Haram for drop in oil revenue

President Muhammadu Buhari has blamed the fall of revenue in oil production on the insurgency in the South South and North east perpetuated by the militants and Boko Haram when he assumed office.

Although the President expressed happiness that his administration has been able to deal with the menace, he regretted that those who were supposed to talk about the problems facing the country failed to do so.

Buhari, who stated this on Tuesday during his official visit to Imo State to commission the Owerri/Okigwe, Orlu/Owerri roads and the State House of assembly complex, also applauded Governor Hope Uzodimma especially on the massive road projects in the State.

He promised that his administration will continue to support the State to get more dividends of democracy.

“If Nigeria will recollect since 1999 and 2015 when we came, I like people to check, OPEC projection was 2.1 million barrel per day of every cost of hundred American dollar per barrel,so Nigeria was earning for this time 2.1 million times 100 times a number of this production .

The Nation

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