Higher oil prices pose bigger under-recovery burden to Nigeria

Geopolitical zones control oil prices than market forces – Expert

Oil price determination is more a geopolitical arrangement than market forces function

Oil prices have been rising but Nigeria, Africa’s largest crude producer faces mixed fortunes as higher oil prices will also mean increasing under recovery burden and less revenue accruing to the federation account. Under-recovery is a term used in the petroleum sector to denote the notional loss

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