Nigeria granted concession by opec as organization decides to slash oil production

I think there may be some misinformation here.

Nigeria is not a member of OPEC (Organization of the Petroleum Exporting Countries), so it's unlikely that OPEC would grant a concession to Nigeria.

However, Nigeria is a major oil-producing country and has been a member of the Organization of the Petroleum Exporting Countries (OPEC) since 1971. Nigeria has been a key player in OPEC and has contributed significantly to the organization's oil production.

Regarding the recent decision by OPEC to slash oil production, it's true that OPEC and its allies, known as OPEC+, agreed to reduce oil production by 2 million barrels per day (mb/d) starting from May 2022. This decision was made to stabilize the global oil market and address concerns about oversupply.

Nigeria, as a member of OPEC, has been part of these production cuts, and the country has been working to reduce its oil production in line with the OPEC+ agreement.

So, to summarize, Nigeria is a member of OPEC and has been part of the organization's efforts to manage oil production, but it's not a recipient of a concession from OPEC.