Nigeria's Oil Production Ends In 2053 - World Bank



Research coming from World Bank Group's twice-yearly analysis of the issues shaping Africa’s economic prospects called "Africa’s pulse" says that Nigeria’s oil reserve will be depleted in 41 years.

Presenting this report was World Bank’s chief economist for Africa, Shantayanan Devarajan saying that Nigeria’s and Angola’s oil reserves will be depleted in 41 and 21 years respectively.

“Nigeria, the largest regional producer, can keep supplying at 2011 levels for another 41 years, while Angola, the second largest producer in the region, has about 21 years remaining at current production levels before its known reserves are depleted.

“Given the size of these reserves, it is likely that the dependence on oil resources in these countries are likely to continue in the near to medium term. Production in newly oil-rich countries such as Ghana and Uganda could also last for several years.”

Just when they started searching for oil in my state, dis winch people don carry they matter come. I have already done 41 days fasting for them to find oil in my father's backyard. That devil is a liar. I must chop dis oil money oh.

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K Saint 2012-10-06 03:55:10
:eek:

Endy 2012-10-06 05:17:45
8) Na him be say the 1 were them see for my backyard go run for 41yrs. :) enough time to hammer all the money were I need.

Chivy 2012-10-06 06:18:51
Make d oil finish so everybody go rest.

Jericco1 2012-10-06 07:22:25
Thats the best!!!! When we dont know where the money goes!! We dont get any share of the Oil money!! When it dries up!!! Those ingrates that called themselves politicians will leave it for peeps like us.. Cos they know there is not much money!!!!yea i will contest for presidency when it dries up!!!!!!!!!!!!...........Thats the best!!!! When we dont know where the money goes!! We dont get any share of the Oil money!! When it dries up!!! Those ingrates that called themselves politicians will leave it for peeps like us.. Cos they know there is not much money!!!!yea i will contest for presidency when it dries up!!!!!!!!!!!!...........

YG 2012-10-06 07:52:12
These are just speculations and most of them are made just to help a nation diversify its source of international revenue. Haba! :P

Kelvin Briggs 2012-10-06 08:19:03
:-* I don't believe it? Dey r economist not geophysicist or geologist.. Dey can't predict in dis area.. Y is it dat weather focasters will tell u it'll rain den @ d end of d day u dnt see any rain. Abeg make dem go rest jor.

Judy 2012-10-06 08:21:48
D only tin dt gives nigerian s moni,nigeria don broke wat wil hw childern eat.nw dt nigerians hv oil tins r hard jt imagine wen dere wil be no oil only God wil help us

Xriss 2012-10-06 08:55:14
World bank the krazy walahi na 'em be God? 'em sef no go reach dat time wichy wichy people abeg make we here word.

Limak 2012-10-06 11:08:00
Na today? Oil no de dry abeg! Somthn wee Baba God use hm hand put. Make de go joor! As de wan c our own oil na hm de carry come. Na lie!

Babs 2012-10-06 12:20:34
prophet of doom....... they sai Naija would disintegrate next year...... now its our oil.....this guys shoul dthink of something else. To Nigeria and Nigerians, lets start looking for alternative sources of revenue.... Agriculture et-al

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