Nigeria oil output rises to 1.8 million barrels per day
Finance Minister Wale Edun says rising crude output provides fiscal space to support vulnerable households. The government remains committed to its reform program.
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Nigeria has reported that its oil production has reached 1.8 million barrels per day, a development that Finance Minister Wale Edun says will provide the government with the fiscal flexibility needed to support vulnerable populations. Speaking during an interview at the International Monetary Fund and World Bank Group spring meetings in Washington, Edun noted that the increased output is a positive indicator for the nation's revenue and foreign exchange reserves.
