The Director-General of the Nigeria Employers’ Consultative Association (NECA), Adewale-Smatt Oyerinde, said on Friday the country loses $2.5 billion in oil revenue monthly.
Oyerinde, who disclosed this in a statement in Abuja, blamed the development on Nigeria’s inability to meet the Organization of the Petroleum Exporting Countries (OPEC) 1.8 million barrels per day production quota.
He added that the 1.23 million barrels per day achieved by the country in December last year were not enough to prevent the losses.
