Oil markets have staged a mild recovery after the rout of a few days ago. It is now clear that the oil market imbalance will continue for a few more quarters. In the meantime, there are those who feel that the supplementary budget should be revised further, whilst others think that it is better to wait and watch the recovery path before any revision. The Nigerian government appears prepared to respond at short notice.
Nigeria like other recipients of Diaspora remittances are expecting to be badly hit by an expected sharp fall in remittances ($100bn) due to the layoff of workers in advanced economies of the world.
In the slides, analysts at the FDC Think Tank discussed these and other issues on Channels TV Business Morning Programme today.
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