Monday, August 21, 2017

Nigeria Can't Fall Into The Same Trap As Other Oil Rich Countries

How Nigeria Can Cure Its Oil Addiction

Nigeria is addicted to oil. The oil industry contributes around 70 percent of Nigeria’s government revenue and over 90 percent of export earnings. Successive Nigerian governments have sought to diversify the economy, with limited success. But the global embrace of electric cars and the expansion of renewable energy is a signal of the waning power of…