“Nigerians need to brace up for the worse”- Femi Fani Kayode says crude oil trading at $11 per barrel, and it costs almost $30 to produce that same barrel

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Former minister for aviation, Femi Fani Kayode has raised the alarm that Nigeria is in big trouble following reports that crude oil now sells for $11 USD dollars per barrel.

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Speaking via his official Twitter handle on Tuesday, he further raised the alarm that the country is heading into deep recession with the report.

He wrote:

“Nigerian crude oil is now trading at $11 USD dollars per barrel whilst it costs almost $30 to produce that same barrel.
We are in a mess! Our nation is in trouble and we are heading for not just a recession but a full-blown depression. Nigerians need to brace up for the worse!”

See tweet below;



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Funmilola Efosa

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Funmilola Efosa

Funmilola is passionate about event planning, she's an entertainment enthusiast, though has a degree in Computer Science, a budding entrepreneur.
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