January 19, 2018 /9:50 AM /FDC
The Niger Delta Avengers threaten to disrupt Nigeria’s oil production. This could reduce output by as much as 50% and threaten growth and external sector stability.
The good news is that Nigeria’s non-oil exports increased by 55% to $1.26bn in 9M’2017. This represents a paltry 2.6% of total exports projected at $48bn for 2017 and implies that the country is still heavily dependent on oil and gas.