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Nigeria’s fiscal position remains precarious despite rising oil price

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Nigeria’s fiscal position remains precarious despite rising oil price

Bullish crude oil prices since beginning of the year have raised hope of a better global fiscal performance after severe disruptions caused by COVID-19 pandemic that unsettled oil dependent economies. The price rise of more than 75 percent since November 2020 has been on account of major economies reopening and vaccinating their populations after the…

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