Nigeria's Oil Prosperity Not Guaranteed
The World Bank's Chief Economist for Africa, Shantayanan Devarajan, has reported that the country can produce at current levels for another four decades.
InFocus
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Oil production hit its highest level at 2,7 million barrels per day, though hurdles remain to sustain the boost in production. Read more »
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The Minister of Petroleum Resources Diezani Alison-Madueke plans to increase its share of offshore oil profits because of prevailing realities in the industry. Read more »
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Mr Andrew Yakubu, NNPC, Managing Director, has disclosed that dwindling oil imports by United States has thrust China to the forefront as an alternative market for the country’s ... Read more »
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This post was deleted because it contravenes AllAfrica's commenting guidelines.
This post was deleted because it contravenes AllAfrica's commenting guidelines.
This post was deleted because it contravenes AllAfrica's commenting guidelines.
Oil can only make you wealthy if you use it strictly for your own needs. Selling it will only bring you more money, which you will either spend at home (inflating your currency), or in importing products that you will not be able to make at home. Exporting it will only build infrastructure that will be useless in 41 years. Try to be the last country on earth to run out of oil.