Death’ of Oil and the Nigerian Economy
editorApril 26, 2020 5:10 Am
In the last couple of days, oil has become a non-factor in Nigeria’s economic growth strategy. Indeed, oil has become a negative factor as global oil prices spiraled downwards across board. Nigeria is an oil-dependent country and not an oil-rich one. This distinction as well as the crash in oil futures make the need for economic transformation even more than imperative now. Nosa James-Igbinadolor reports
Oil is dead. It might yet rise again, but ‘petrocide’ was long prophesied at least with respect to the Nigerian economy. Oil was going to finish someday in Nigeria, we had been warned. No one took heed. The allure of cheap rent money from the Niger Delta washttps://www.thisdaylive.com/index.php/2020/04/26/death-of-oil-and-the-nigerian-economy/ just
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editorApril 26, 2020 5:10 Am
In the last couple of days, oil has become a non-factor in Nigeria’s economic growth strategy. Indeed, oil has become a negative factor as global oil prices spiraled downwards across board. Nigeria is an oil-dependent country and not an oil-rich one. This distinction as well as the crash in oil futures make the need for economic transformation even more than imperative now. Nosa James-Igbinadolor reports
Oil is dead. It might yet rise again, but ‘petrocide’ was long prophesied at least with respect to the Nigerian economy. Oil was going to finish someday in Nigeria, we had been warned. No one took heed. The allure of cheap rent money from the Niger Delta washttps://www.thisdaylive.com/index.php/2020/04/26/death-of-oil-and-the-nigerian-economy/ just
source:
