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Nigeria’s CAPEX Drops $27b in 2014 to $6 in 2022

Nigeria’s CAPEX Drops $27b in 2014 to $6 in 2022

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the country’s total annual upstream capital expenditure decreased from $27billion in 2014 to less than $6billion in 2022. The News Agency of Nigeria (NAN) reports that the Chief Executive of NUPRC, Mr Gbenga Komolafe, revealed this on the sideline of the World Petroleum Congress (WPC) in Calgary, …