Nigeria, Africa biggest economy and its largest oil producer at between 2 million to 2.2 million barrels per day (with condensate) has the lowest production per head among all the members of the Organization of exporting countries (OPEC), BusinessDay reports.

With a population of over 180 million people, Nigeria is said to be the sixth largest producer of oil in the world but despite all this, the country continues to have majority of its population struggling below the poverty line. Data compiled by BusinessDay shows Nigeria has the lowest production per head compared to other OPEC countries.

An investigation into all the OPEC countries shows Kuwait has the highest production per head of 0.67, followed distantly by Saudi Arabia and UAE who both have 0.31. Iraq has a production per head of 0.11, while Iran, Ecuador, Angola, Algeria, Venezuela and war torn Libya have production per head of 0.05,0.03,0.05,0.0025,0.06,0.09 respectively.

It would be recalled that the Minister of Finance, Kemi Adeosun, had recently given a similar reason for saying Nigeria was not an oil economy. She said; “Nigeria is not actually an ‘oil economy’. With just 2 million barrels of oil per day and over 180 million people, simple mathematics tells us that 90 Nigerians share a barrel of oil compared to 3 Saudis, 1.44 Kuwaitis and 1.69 Qataris.”

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