FG blames Nigeria’s dwindling oil production on insufficient investment

The Minister of Budget and Economic Planning, Atiku Bagudu, on Wednesday blamed Nigeria’s dwindling oil production output on under-investment in the sector.

Bagudu spoke at the “Ministerial Sectoral Updates” in Abuja.

Nigeria’s daily crude oil production had maintained a steady decline in 2024 as it dropped to 1.23 million barrels per day in March.