The shale oil boom had engendered a corresponding fall in price of crude oil,consequently federal govt.has announce austerity measure as a contigency plan to make up for this shortfall.My concern is that this shortfall will continue unabated as nothing will stop shale oil from booming,consequently the austerity measure may be tighten again and again.But for how long?and to what extend?In my opinion I think the way forward is for Nigerians to have a reality check.remove completely fuel subsidy,diversify the economy and produce all producible goods and services locally.Friends what do you think is the solution to this looming recession in Nigeria economic climate?please let your patriotic contribution be non partisan.
Posted on: Sat, 29 Nov 2014 12:16:23 +0000
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