Nigeria has continued to waste the rare opportunity presented by the global rise in oil prices to grow its economy like other oil-producing countries, London-based The Economist has stated. While a surge in oil prices could do astonishing things, like in Saudi Arabia where a futuristic city was planned to rise from the desert or Angola where its currency has suddenly become one of the strongest performers against the dollar, it noted that in Nigeria, the reverse was the case. The report came just as the leadership of the Senate yesterday asked heads of military and security agencies in the country to start prosecuting suspected members of the public who are involved in oil theft. The upper chamber of the National Assembly also tasked the Judiciary, to grant accelerated hearing to matters on oil theft and other forms of economic sabotage. This was just as yesterday, Nigerian lawyer and […]