President Goodluck Jonathan of Nigeria
Currently, the Nigerian government is running low on revenue due to the steep decline in oil prices to less than 50 dollars a barrel. This has led many analysts to question how the national and state governments are going to fund their development when 90% of their revenue is derived from oil exports. Many have called for a diversification of exports, which is indeed a major issue, since 70% of Nigeria’s export revenue comes from crude oil. Looking beyond a diversification of exports, since 90% of government revenue still comes from oil revenue, the real issue …Read More
Source:: PM Newspaper
