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Snippet of Nigeria’s 2023 Economic Outlook
Manage episode 399554036 series 3552526
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2023 still shoulders some of the burdens in 2022 and is set to face its ripple effects. With the ongoing Russia-Ukraine war, oil prices are expected to remain at a relatively high price above its peak in 2021. Although, this is supposed to be an advantage to Nigeria due to its status as the largest oil producer in Africa, the Nigerian oil sector has been plagued with pipeline vandalism and oil theft which have hampered the sector growth and also led to low oil productions.
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