The Nigerian economy has long been tied to the fortunes of oil. With crude oil revenue accounting for more than 70% of export earnings, it remains the backbone of government revenue and a key driver of foreign reserves. Oil windfalls have historically shielded Nigeria from external shocks. During t
```
Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```

Join BusinessDay whatsapp Channel, to stay up to date

Open In Whatsapp