Recent assessments indicate that Nigeria's oil reserves are projected to last for approximately 59 years, while its natural gas resources could support production for up to 85 years, assuming current extraction rates are maintained. This estimation highlights the potential longevity of Nigeria's hydrocarbon resources amidst ongoing challenges in the oil sector. Despite these figures suggesting an abundance of resources, the country faces significant hurdles that have led to a stagnation in oil production and investment. The situation underscores the need for strategic management and development of these resources to ensure sustainable economic growth.
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