Business Insider: One of the world's major oil producers could face a huge problem in 2016
This coming year is shaping up to be a difficult one for economies that are disproportionately dependent on oil.
This is especially true for Nigeria, where there's a possibility of renewed conflict in the country's oil-producing Niger Delta region, according to SBM Intelligence's recently published "Nigeria in 2016" report.
The global oil picture is stacked against countries like Nigeria, in which oil constitutes some 10% of the country's GDP.
WNU Editor: Oil is the Nigerian government's life-blood (75% of government revenue). Lower oil prices has impacted everything .... and the ripple effect on the Nigerian economy .... as in Venezuela and other OPEC/non-OPEC countries .... is starting to be felt. SBM Intelligence's recently published "Nigeria in 2016" report is here.
1 comment:
This is the land of Boko Haram, and Abubakar Shekau the emir of Boko Haram, has publicly expressed affinity with al Qaeda.
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