Twenty-four hours after Barack Obama became the 44th President of the United States of America, the Governor of the Central Bank of Nigeria (CBN), Professor Chukwuma Soludo, has warned that the energy policy of the new administration may spell doom for the Nigerian economy.
He said Obama’s proposed vigorous search for alternative energy to drive the world's largest economy poses “great dangers” for Nigeria whose economy is highly dependent on revenue from oil.
Nigeria is the fifth largest exporter of crude oil to the US.
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