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Home News Oil & Energy

How Nigeria’s failure to harvest benefits of over $100 oil price rise hurts the economy

admin by admin
June 12, 2022
in Oil & Energy
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NIGERIA risks losing outright gains from rising oil price of above $100 dollars per barrel since it has failed to embrace reforms that could make it reap such gains.

Nigeria’s highly priced brent crude presently sells for $123.06 per barrel, a price which could have impacted on Nigeria’s economy postively and reduced borrowing.

A large chunk of Nigeria’s income and its Federating budgets are dependent on proceeds from oil resources….



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