Nigeria: Declining Crude Oil Prices May Worsen Country's Vulnerabilities

12 August 2019

The steady decline in crude oil prices last week, which saw a drop below the $60 per barrel benchmark price in the 2019 budget, may worsen the country's vulnerabilities, analysts have warned.

Owing to this, they have advised the federal government to initiate policies that would ensure that the economy does not slip into another recession if the situation persists.

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