OPEC Deal: FG reacts, says Nigeria will generate additional $2.8 billion in revenues

The deal, which was reached after their virtual meeting on Thursday, April 9, 2020, will see OPEC member countries cut their output by 10 million barrels per day. Non-OPEC countries will also cut their production output by 5 million barrels per day. In the meantime, the Nigerian Government has reacted to this development. In a statement issued by the Minister of State for Petroleum, Timipre Sylva, on behalf of the Federal Government, it was noted that Nigeria will adhere to the output cut in order to rebalance and stabilize the global oil market.

Special Reports

Nairametrics Exclusive Research!

Sign Up For Our Newsletter