It is going to be a tough season for the global economy with the threat of the CoronaVirus(COVID-19) becoming global. One fallout has been the collapse of oil prices in the international market - this will have devastating effects on Nigeria’s public revenues, budget outlook, and implementation. Given the periodic and random exposure to volatility that the oil market subject Nigeria’s economy, what do you think should be Nigeria’s “new oil”? No idea is too weird or crazy.
Nigeria's New Oil?
It is going to be a tough season for the global economy with the threat of the CoronaVirus(COVID-19) becoming global. One fallout has been the collapse of oil prices in the international market - this will have devastating effects on Nigeria’s public revenues, budget outlook, and implementation. Given the periodic and random exposure to volatility that the oil market subject Nigeria’s economy, what do you think should be Nigeria’s “new oil”? No idea is too weird or crazy.