EXPERTS WARN FG AS OIL PRICES SLIDE CONTINUES

As the decline in global oil prices has taken a big toll on the country’s revenue, experts have stressed the need for Nigeria to reduce its high recurrent expenditure.

The prices of oil continued the downward trend on Monday, falling back below $86 per barrel after Goldman Sachs cut its 2015 price forecasts for Brent crude, the benchmark against which Nigeria’s oil is measured.

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