The Nigeria former minister for aviation, Femi Fani Kayode, has raised the alarm that the country is in big trouble after it was reported that price of crude oil is now $11 USD dollars per barrel.
However, disclosing on his verified Twitter page on Tuesday, he stated 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 his tweet below;
Nigerian crude oil is now trading at $11 USD dollars per barrel whilst it costs almost $30 to produce that same barrel.— Femi Fani-Kayode (@realFFK) April 21, 2020
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!
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