#Nigeria: With the falling oil prices and the fear of a further - TopicsExpress

#Nigeria: With the falling oil prices and the fear of a further devaluation of the Naira (GOD forbid), we need to start understanding the reality. We are not Saudi-Arabia, who can afford to feed their country for the next 200yrs, from their oil reserve. Diversification of the economy is urgently needed; time to develop Ajaokuta iron and steel company, pump more money into our sea-port and the government should not take any foreign loan for now, due to high level of inflation. The NLC and TUC must also demand for an increase in the minimum wage of workers and revert to N39.7 per litre of petrol; this will help stabilize the economy and help reduce the pains of the common man.

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