The dwindling and market falls in oil prices are prime indicators for Nigeria politico-economic consideration for________
Answer Details
The dwindling and market falls in oil prices are prime indicators for Nigeria's politico-economic consideration for diversification. This means that Nigeria is looking to move away from relying solely on oil as its main source of income and looking to develop other industries and sectors that can contribute to the country's economy. This is important because relying solely on oil can be risky, as the price of oil is often affected by global market forces and can fall suddenly, leading to economic instability. By diversifying its economy, Nigeria can reduce its dependence on oil and become more resilient to economic shocks.