Nigeria wasted $1 trillion earned in oil booms, says report
August 23, 2018 | Expenditures & Funding, Management, Nigeria
Abuja, Nigeria | — If not for the recurring wastefulness of Nigeria’s federal government, the country could have used about $1 trillion it earned from its production and sale of crude oil in five different oil booms to develop and diversify its economic base, a report titled “Stabilising Nigeria’s Volatile Economy”, has disclosed. The report which was co-authored by a former Vice President of the World Bank, Africa Region, Dr. Obiageli Ezekwesili; former president of the Nigerian Association of Energy Economics (NAEE), Prof. Adeola Adenikinju; …