Post #110

🇳🇬 Nigeria to OPEC: Raise Our Cap 🌍 At the next OPEC annual meeting, Abujaplans to askfor a 30% increase to its current 1.50M barrels/day quota. 🔸 For a long time, OPEC, on the contrary, has been discussing lowering limits for Nigeria due to problems with oil production and theft. Despite great success in import substitution and the development of domestic refining, the main problem of oil in Nigeria is not the low OPEC quotas, but the country's TOTAL dependence on exports of petroleum products (about 90% of Nigeria's total exports). Devils Below