A surge in oil prices can work miracle for a country’s economy but the net effect of the high oil price for the country that is usually Africa’s biggest oil producer is “nil or negative”. Africa’s most populous country, around 220m-strong, desperately needs the money an oil boom could bring. Some 40% of its people live on less than the equivalent of $1.90 a day. The government is struggling to service its debts. Social services are dire. The woeful economy has contributed to the violence that afflicts much of the country. In the first half of this year, nearly 6,000 people were killed by jihadists, kidnappers, bandits or the army. Do you think that current government has compltely failed the Nigerian people?
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