With Nigeria relying heavily on oil as its main source of revenue, the recent move by Organization of the Petroleum Exporting Countries (OPEC) to cut down daily oil production of member countries would cripple the expected revenue from oil, hence, Nigeria must explore other means or amends its oil production system to make ends meet. Crude oil exports account for about 90 percent of Nigeria’s foreign exchange earnings and 80 percent of government revenue, implying that the nation’s economy really heavily on it. Production is however said to be 2.16 million barrels per day less than the 2.5 million target for the 2019 national budget. Recent developments in the global oil market space appear to be posing a serious challenge to the federal government. For instance, while the federal government 2019 budget proposal is based on assumptions such as oil price benchmark of $60 per barrel and production estimate […]