Nigeria: tumbling oil prices cause bankruptcies to loom

There is a mixed bag of expectations and anxiety over what this new year holds for Nigeria. Yesterday’s excesses have come home to roost. Time and time again the issue of over- dependence on oil has been a hot topic, and many have said that the nation should look to other sectors such as agriculture and mineral resources also. The shell-shock of crashing oil prices has alarmed the government. 2016 will be an extremely tough year, though many hope it will bring change and an acceleration of meaningful development of other sectors of the economy. Currently over 80% of all government revenue derives from the sale of crude oil.

Pray: for the federal and state governments to work with the private sector for new streams of commerce and industry. (Col.3:23)
More: www.thisdaylive.com/articles/2016-from-change-to-reform/229489/