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The Reason Nations Struggle on the Illusion of Oil Wealth

national-economies, gdp, production, value-proposition, countries, nigeria-facts, tagged-by-joe, macroecons, managing-nigeria, oil-and-gas

SecGen 14 July 2022 13:12 1

The Reason Nations Struggle on the Illusion of Oil Wealth

Tekedia – 13 Jul 22

The Reason Nations Struggle on the Illusion of Oil Wealth - Tekedia

Case A: You sleep in your house, someone pumps oil in your backyard, sells it, and credits you $10 million at the end of the month. The economic activity for the production of the “finished goods”, in this case, crude oil at this phase, is $1...

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