Coronavirus: Experts optimistic on oil price rise
They however warn stridently that Nigeria must seize the opportunity of the crisis to undertake long-awaited reforms of the sector and a diversification of the economy.
In an outcome document signed by Oke Epia, Executive Director, OrderPaper Nigeria, and Convener, PoCoPAN, the experts noted that the crude oil price stabilisation will occur once the global economy picks up. “There is however, a pervasive concern that the nation may not learn from this present experience based on patterns deduced from previous oil price crash scenarios.
“The country’s Oil and Gas industry has not witnessed new exploration in the last decade as critical stakeholders such as investors, host communities and the government remain unsatisfied with the current path the industry threads.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BREAKING: Nigeria’s COVID-19 deaths rise to 85 - The Nation NewspapersMeanwhile, the Federal Government (NigeriaGov) has explained that the spike in the cases of coronavirus across the nation is attributable to the strong, ongoing community transmission. NCDCGov
Read more »
Nigeria reports 220 new cases of coronavirus - Premium Times NigeriaIt is yet the highest daily figure of the deadly coronavirus the Nigeria Centre for Disease Control (NCDC) has announced.
Read more »
Algeria rules out IMF borrowing to ease financial woes | The Guardian Nigeria News - Nigeria and World NewsAlgerian President Abdelmadjid Tebboune has declared his country will not approach the IMF for loans, despite a financial crisis triggered by a collapse in global oil prices and coronavirus lockdowns.
Read more »
Pregnant woman dies from coronavirus - Premium Times NigeriaThe management of the Federal Medical Centre, Idi-Aba, Abeokuta, on Sunday, confirmed two coronavirus cases in the institution. One of the patients
Read more »
COVID-19: 'Recession looms, 2020 will be difficult year' - Okonjo- Iweala tells Buhari - Daily Post NigeriaNigeria’s former Finance Minister, Okonjo-Iweala, has warned that recession and difficult times are ahead amid the coronavirus pandemic. Iweala said this
Read more »
Nigeria records 17 deaths in 24 hours - Daily Post NigeriaNigeria, on Saturday, recorded seventeen Coronavirus deaths in a single day. According to the data released by the Nigeria Center for Disease Control,
Read more »