With an average crude oil price at half the level of 2019, the Nigerian oil sector is expected to contract sharply as production falls. Spillovers will weigh on domestic activity, compounding the effects of lockdown measures.
With an average crude oil price at half the level of 2019, the Nigerian oil sector is expected to contract sharply as production falls. Spillovers will weigh on domestic activity, compounding the effects of lockdown measures.