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