Nigeria spends not less than N1.57tn on crude oil production monthly, translating to about N18tn annually, a development which industry operators described as too high, The PUNCH reports. Data collected from different sources, including the Nigerian Upstream Petroleum Regulatory Commission, indicated that the minimum any oil producer spends in extracting a barrel of crude oil
Stakeholders worry as Nigeria spends N18tn on crude production annually
![Stakeholders worry as Nigeria spends N18tn on crude production annually](https://cdn.punchng.com/wp-content/uploads/2020/04/19103436/Crude-oil-production.jpg)