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in the influence of international oil prices fell, Nigeria want to promote economic diversification

  • Author:Gemini
  • Source:www.ramjoinwin.com
  • Release Date:2015-01-19
Africa's largest oil exporter Nigeria 18 announced,  It's going to cut oil export prices before the presidential election next month.Nigeria's President Jonathan expressed, the sharp drop in international oil prices underscored the Nigeria's single, Nepali side to speed up the economic diversification to cope with the loss caused by a drop in oil prices for the country.

Nigeria is dependent on oil revenues of Africa's first big economies, 80% of government revenue from oil exports.
Recent international oil prices hit a five and a half years low, let the Nigerian government finances more nervous, especially the country's need to about $6 billion a year (RMB 37.3 billion) of income for against extremist group boko haram.

According to reports, 18, Nigeria's energy minister at a nightly news conference, said the price of oil will be used by every litres of 97 naira (about RMB3.25) to every litres of 87 naira (About RMB2.92).



Nigeria as Africa's largest oil exporter, produce about 2 million barrels of oil a day, with the sharp drop in international oil prices, Jonathan had to government tightening, lower oil prices.As a candidate for a new round of the presidential election next month, Jonathan also said will speed up to realize the economic diversification, to lower oil prices.

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