Nigeria is losing at least thirty-two billion naira daily due to the shutdown of three crude oil export terminals with a combined capacity of five hundred and eighty thousand barrels per day.
A total of two hundred thousand barrels per day are lost through the Forcados terminal, including one hundred and eighty thousand barrels per day through the Trans Niger pipeline.
Also, two hundred thousand barrels per day are lost through the Brass terminal, putting a total at five hundred and eighty thousand barrels per day.
Central Bank of Nigeria (CBN) has declared that its RT two hundred policy has begun to attract more commodities into the Nigerian export ledger just as the United Bank for Africa has revealed that two hundred exporters accounted for ninety five percent of the four point two billion dollars Nigeria earned from non-oil export in twenty twenty-one.
The RT200 FX programme is an initiative of the CBN that aims to raise two hundred billion dollars in forex earnings from non-oil proceeds over the next three to five years.