Buhari is desperate for cash as Nigeria's oil production drops by 800,000bpd - Oil Minister

Buhari is desperate for cash as Nigeria's oil production drops by 800,000bpd - Oil Minister

The Niger Delta Avengers have essentially crippled Nigerian economy. Nigeria is almost at a breaking point with a rapid slump in crude oil production by up to 800,000 barrels per day, coupled with the low price of oil in international markets.

Going . . .Going. . .DOWN! Nigeria's oil output plunges to 20-year LOW as Niger Delta Avengers intensify strategic attacks -Bloomberg

Going . . .Going. . .DOWN! Nigeria's oil output plunges to 20-year LOW as Niger Delta Avengers intensify strategic attacks -Bloomberg

Surely God has sanctioned the demise of Nigeria

• Strike on Chevron platform cuts output by about 90,000 b/d
• Crude output fell in April to lowest in more than two decades

Nigeria is suffering a worsening bout of oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the energy-rich but impoverished nation increase in number and audacity.