Nigeria was yet to benefit from increasing oil prices as a result of declining oil production and fuel subsidy,the World Bank has said. It also said the country’s oil production declined in 2021 due to a lack of maintenance and the loss of infrastructure efficiency. The bank disclosed these in a new report titled ‘Migration and Development Brief titled ‘A War in a Pandemic: Implications of the Ukraine crisis and COVID-19 on the global governance of migration and remittance flows. READ ALSO BREAKING: Crude Oil Price Hits $85 per barrel, 3-Year…
Read MoreHigh Crude Oil Prices Not Adding Value To Nigeria’s Economy -World Bank
