Nigeria’s economy was declared as the biggest in Africa in 2014. However, the vulnerability of the economy nay the country has been exposed by the perennial energy crisis the country has had to contend with.
By energy crisis, I mean the challenges being faced by the citizenry in getting affordable and steady supply of petroleum products and electricity. Barely two weeks of a strike action by oil marketers and unions, the country’s economy suddenly became comatose. As of Monday, May 25, 2015, petroleum products had become so scarce and prices astronomic to the extent that many public and private businesses either ran skeletal operations or shut down completely.
Nigeria Gists 