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Nairaland Forum / Nairaland / General / Politics / Nigeria May Go Bankrupt As Crude Oil Price Falls (5538 Views)
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Re: Nigeria May Go Bankrupt As Crude Oil Price Falls by Sunofgod(m): 7:59pm On May 20, 2010 |
Crude oil's price falls - Whilst the price of the refined products from crude oil are on the rise (e.g Petrol). Oh how foolish we have been. We are unable to refine and sell the refined products to the international market. Has the price of petrol, kerosene, oil etc dropped by the same percentage as crude oil? Nigeria and other crude oil producers are being 'played' by international money men. The major players in the industry are enjoying a windfall - at Nigeria's expence. Soon the talk of Public Sector worker cuts will be announced and blamed on the price of crude oil. |
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