Nigeria’s Oil Revenue Faces 60% Plunge From 2030 – Report

Nigeria’s oil revenue faces 60% plunge from 2030 – Report

A new report warns Nigeria oil revenue could drop by over 60% from 2030 due to declining global demand, risking major fiscal and economic instability.

Algeria could lose 87% of oil revenue and Nigeria more than 60% as global demand falls, report warns

Algeria could lose as much as 87% of its oil revenue and Nigeria more than 60% as global demand declines after 2030, according to a report examining the economic and political consequences of the energy transition.

Nigeria Risks 60% Oil Revenue Drop by 2030 - Report - Economi Confidential

Nigeria’s oil revenue could plunge by more than 60 per cent from 2030 as global demand for crude oil declines, heightening the risk of fiscal and economic instability in the country, a report has warned.

Nigeria Faces Oil Revenue Warning

By Ruth Odutayo Nigeria could face a major decline in oil revenue from 2030 as global demand for crude oil is expected to plateau in the coming decade, according to a new report by climate think tank E3G. The report, Playing the Oil Endgame: Oil Producers and the Geopolitics of Declining Demand, identified Nigeria among […] The post Nigeria Faces Oil Revenue Warning first appeared on QUICK NEWS AFRICA.