how many barrels of oil nigeria produce in a day
Petroleum industry in Nigeria Nigeria’s oil revenue has totaled $340 billion in exports since the 1970s and it is the fifth largest producer.[24] Though Nigeria is a major oil exporter, it imports most of its gasoline, and when fuel subsidies were lifted in January 2012, fuel increased from roughly $1.70 per gallon to $3.50.[25] Nigeria produces a form of oil ideal for the United States, has huge reserves, and has increased its production to 2.8 million barrels (450,000 m3) of oil a day.[26] But this, some say, is all a resource curse that is hurting Nigeria and disadvantaging her people.[27]