We are in a mess – FFK reacts as Crude Oil now sells for $11 per barrel

Chinenye Ogbonna April 21, 2020

0 Less than a minute

Former Minister of Aviation, Femi Fani-Kayode has reacted to reports that crude oil now sells for $11 USD dollars per barrel.

Speaking via his twitter handle, he said the country is in trouble as it is heading into deep recession.

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!