Macroeconomic Report & Economic Updates
September 12, 2017
Nigeria Economic Update (Issue 33)
Available
reports from the Nigerian National Petroleum Corporation(NNPC), suggests a
significant reduction in the cost incurred to produce one barrel of crude oil for
the past two years. Specifically, the cost of production reduced by 71 percent
from $78 as at August 2015, to $23 per barrel as at August 2017.
This may be attributable to moderations in operational expenditures, following
repairs and restructuring in the oil region.
Related
Political Decentralisation And Natural Resource Governance In Nigeria
The paper discusses Natural Resource
Control and how it is affected by governance in Nigeria with focus on two
oil-producing states. It also examines sub-national accountability in the use
of natural resource revenues.