Presidency Boasts Economic Gains as Oil Output Rises to 1.7m bpd, FAAC Revenue Jumps 60%
The Presidency has announced a significant improvement in Nigeria’s oil production and revenue distribution, revealing that crude oil output has risen to 1.7 million barrels per day (bpd), while revenue shared by the Federation Accounts Allocation Committee (FAAC) surged by 60%. This disclosure was made on Saturday in response to criticism from the African Democratic