/ 12 June 2021

Petro states: What happens when 30% of your national budget disappears in a decade?

Nigeria: Buhari Promises To Recover 'mind Boggling' Stolen Oil Revenues
A collapse in the oil price will be cataclysmic — and it is going to happen.
As the demand for oil shrinks and prices collapse, Africa’s petro states — the likes of Angola, Nigeria, Egypt and Equatorial Guinea — will be left with massive holes in their budgets

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