• How Oil wealth made Nigeria poor, Curse of the Black Gold – Professors

    How Oil wealth made Nigeria poor, Curse of the Black Gold – Professors

    Against the backdrop of growing economic hardship occasioned by falling crude oil prices and vandalism of oil installations in the Niger Delta, experts have declared that the black gold has become a curse to Nigeria rather than a blessing.

    According to Professors Adeola Adenikinju, Director, Centre for Petroleum, Energy Economics and Law, University of Ibadan and Pat Utomi, a renowned scholar and economics expert, failure of the nation to refinance the economic trappings of oil and develop other sectors of the […]