The search for alternative energy by the Barack Obama administration in the United States of America (USA) has begun to take a toll on Nigeria’s crude oil export as the US for the first time failed to import a single barrel of crude oil from Nigeria.
This troubling scenario experienced in the month of July, according to industry watchers, may spell doom for the Nigerian economy.
Obama’s vigorous search for alternative energy to drive the world’s largest economy poses grave dangers for Nigeria whose economy is highly dependent on revenue from oil.
Nigeria used to be the fifth largest exporter of crude oil to the US…
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