Yesterday, the Monetary
Policy Committee of the Central Bank of Nigeria warned Nigerians to brace for a
longer period of low revenue from oil sources, which would necessitate hard
and
uncomfortable
choices. .
The
committee, in a communiqué, observed that while the period of low oil prices,
which occurred in 2005, lasted for a maximum of 8 months, the current situation
is expected to continue over a longer period of time. Crude oil prices had
declined from a peak of $114 barrel in July 2014 to $30.25 per barrel
yesterday.
The CBN
Governor. Godwin Emefiele, who read out the communiqué, said the development
would necessitate huge sacrifices from Nigerians. He added that since oil
prices had been on a steady decline, certain trade-offs would have to be
envisaged and accommodated….. even if Kiss Daniel keeps saying he just wanna av
a good time…..
source: http://bit.ly/1QDdKML
One of
my favorite mentor will say the future belongs to those who can predict it, but
the truth is as far as this country is concerned we are all having a bleak into
what the future holds, and my best bet for my esteemed readers especially my
student category is to try and save your money, while you still have
some..
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