The World Bank has faulted the Federal
Government’s management of oil revenues, and also warned that the
country faces serious challenges in sustaining the momentum of its
fiscal consolidation and reserves growth.
The bank’s warning comes ahead of a predicted slowdown in the growth of oil export in the years ahead.
A
World Bank’s Nigeria Economic Report for May 2013, noted that Nigeria
has made significant progress in the effective management of its oil
wealth during the last decade.
