Nigeria faces tough 2009 on revenue fears

摘要

Cape Town, South Africa-Nigeria's oil industry will continue to struggle in 2009 with low oil prices hurting the budget, militants threatening a fresh war in the Niger Delta and the government unable to come up with its share of the money to invest in joint oil production projects. Low oil prices-which dipped below $40/barrel in 2008-have hurt Nigeria's foreign exchange earnings, and fluctuations in prices make government budgeting difficult.