Nigeria: Govt Looks Beyond Oil Revenue As Crude Sells for U.S. $72

Lagos — The panic in Aso Rock over unprecedented fall in oil prices worsened on Thursday as the commodity sank to $72, the lowest in 14 months, leaving the Presidency with a renewed determination to look beyond oil into other major means of revenue.

Oil prices whittled down this low on August 31, 2007 and these values are now half of the peak they reached on July 11, 2008.

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