Report: Tinubu’s Reforms Averted 840,000 Bpd Oil Output Loss
·Reveals electricity metering rate rose by 13% in two years
Emmanuel Addeh in Abuja
The federal government has disclosed that Nigeria’s crude oil production would have slumped by about 840,000 barrels per day (bpd) by this year without the sweeping reforms introduced by the administration of President Bola Tinubu.
It argued that a combination of executive orders, fiscal incentives and regulatory reforms by the current administration reversed years of decline and placed the country’s oil industry on a sustainable growth trajectory.
