Unarguably, the African continent is home to five of the top 30 oil producing countries in the world. Nigeria, with a maximum crude oil production capacity of 2.5 million barrels per day, ranks as Africa’s largest producer of oil and the sixth in the world. Regrettably, the country’s oil sector is fast losing its relevance given the vagaries in the market. What this means is that the country might be taking calculated risk if the report from the Organisation of Petroleum Exporting Countries (OPEC) is anything to go by. The oil cartel is forecasting a lower demand for crude oil next year just as it said that crude oil exporters face gloomy months ahead. Experts indulge in intelligent guess of what Nigeria would have become without petrol dollar. She probably would have been poorer and maybe a less functional country, or could have been more creative and managing whatever […]