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Worst Economic Crisis In 25 Years: What Nigeria Can Do To Get Out Of Recession By Tony Ishiekwene

It is important we ascertain the reason(s) for this Economic crisis currently facing our country in order to devolve and deploy appropriate remedies and solutions to the problem. Why is Nigeria in Economic recession? We are in a recession because of the crash in oil prices and as well as low oil production, caused by the activities of Niger Delta avengers and similar economic saboteurs. Nigeria has always lived on "borrowed" times, and it exposes its underbelly anytime there is a sustained oil price drop. 

NNPC says Nigeria's oil, gas reserves are running out

Baru expressed NNPC's readiness to partner with stakeholders in the oil and gas industry to grow the nation’s fast depleting reserves.

The Nigerian National Petroleum Corporation (NNPC) has disclosed that the country's crude oil and gas reserves are fast declining.

The Corporation, therefore, appealed to oil and gas exploration companies, professionals and other stakeholders to focus on increasing the nation’s oil and gas reserve base.