/ 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

This content is restricted to subscribers only.


Join the M&G Community


Our commitment at the Mail & Guardian is to ensure every reader enjoys the finest experience. Join the M&G community and support us in delivering in-depth news to you consistently.

Subscription enables:

  • - M&G community membership
  • - independent journalism
  • - access to all premium articles & features
  • - a digital version of the weekly newspaper
  • - invites to subscriber-only events
  • - the opportunity to test new online features first

Already a subscriber?
.