FG URGED TO PREVENT LEAKAGES IN OIL PRODUCTION

In view of the effects of dwindling crude oil price on the Nigerian economy, the federal government has been advised to intensify efforts at preventing leakages and pipeline vandalism, which disrupt oil production.

This, according to analysts at the Financial Derivatives Company Limited (FDC), would help increase the Nigeria‘s oil production and in turn, minimise the impact of falling oil prices on revenues and external reserves.

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