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The fall in oil price could be a turning point for Nigeria’s economy

Screen Shot 2015-02-22 at 10.18.33From an article by Godwin Uyi Ojo published by The Guardian on 5 March 2015

The fall in oil price could be a turning point for Nigeria’s economy

Extracts

Oil extraction has ruined Nigeria’s Niger Delta, hampering farming and fishing and impoverishing the people with little or no benefits from oil proceeds. Even if Belema oil company – or any other oil company – buys the oil concessions in Ogoni, a caveat emptor, or buyer beware, has been imposed to warn would-be buyers that Shell’s huge liabilities, court cases, and claims would become would-be buyers’ baggage too.

SOURCE

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