Nigeria’s large oil reserves might be seen as each a blessing and a curse. The sale of crude oil represents about 70% of authorities revenue and an unbelievable 90% of the country’s exports. A blessing when oil costs are excessive but a real drawback when costs fall dramatically. Nigeria must diversify away from such over-dependence on the oil industry and it needs exterior help to realize this diversification.
Therefore, Nigeria definitely needs overseas investment and know...Read Full Post »