IN the 35 years leading to 2005, crude oil exploration, production and export provided the only talking point on Nigeria in international business of scale. Over this period, the Nigerian economic outlook was impacted mainly by global politics and market events. The ripples generated in Nigeria, positive or negative, were too weak to travel far and wide enough to impact the country outlook in the estimation of the international community and systems that controlled global markets, except when the ripples were ultra-negative. We were susceptible to external shocks transmitted through the conduit of international oil market.
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