Nigeria's Power Sector: Assessing Issues Around Generation, Transmission, Metering

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The International Monetary Fund has warned Nigeria and other oil-producing countries in Sub-Saharan Africa to expect dwindling oil revenues in the coming years as the world transitions from fossil fuels to cleaner energy.
In a new report the fund said oil exporters in sub-Saharan Africa should target buffers of around 5 to 10 percent of gross domestic product to manage large swings in oil prices, this means that Nigeria will need to maintain annual fiscal surpluses of at least one percent per annum over a 10-year period.
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Dwindling Oil Revenue looking at the over dependency on the economy's main stay, will affect and increased recessionary trends.

ibrahimjira