Nigeria in panic mode as oil prices tumble after failed OPEC deal

Nigeria in panic mode as oil prices tumble after failed OPEC deal  

Nigeria is currently in panic mode as oil prices which rebounded last week begin to tumble following the failed OPEC deal in Doha, Qatar. Oil plunged Monday a day after top oil producers failed to reach a deal in Doha to cap output, fanning fresh fears over a supply glut that has plagued the market. 

Buhari prophesy the failure of his government. Paints a gloomy future for Nigerians. Falling oil prices threaten my government - Buhari

Buhari prophesy the failure of his government. Paints a gloomy future for Nigerians. Falling oil prices threaten my government - Buhari

General Muhammadu Buhari (rtd), has inadvertently prophesied the impending failure of his government. Ever since his election as Nigeria's next president, Buhari has used every opportunity to warn his deluded supporters who are expecting miracles from him of the inevitable failure of his government.

According to Vanguard, Buhari yesterday painted a gloomy picture in the economic development of his administration as he said that the decline in the revenues due to fall in oil prices poses a great threat to his administration’s development agenda.