Vanguard (Lagos)
6 January 2009
NIGERIA's current oil reserve life index has been put at about 45.75 years, while current oil reserves depletion rate is also placed at 2.23 per cent based on an estimated annual production rate of 730.90 million barrels.
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And that is long the Nigerian poor and the residents of the oil producing states will continue to suffer from the hands of greedy Nigerian Politicians in cahoots with Oil Barons, MNEs, and other economic hitmen.