The scheduled completion and take-off in 2017 of a major oil refinery under construction by the Dangote Goup, will boost Nigeria’s economic fortunes in the medium to long term, a former deputy governor of the Central Bank of Nigeria (CBN), Dr. Kingsley Moghalu, has said.
Moghalu said the President elect, Muhammadu Buhari must have to come up with solutions to tackle an oil-lubricated economy, traumatised by a sharp decline in the price of crude oil, which makes up over 80 percent of the country’s revenues.
Read more @ Daily Independent
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