Nigeria's Oil Dependent Economy: Any Lesson From Norway?, By Abdulhaleem Ishaq Ringim
An oil rig: Oil has been both a blessing and a curse to different countries. By separating oil revenues from the government spendings, the Norwegian government ensured that people were “kept at work”, the value of labour was kept high constituting 81 per cent of the Norwegian national wealth per capita, while oil and gas only holds 4 per cent. Taxes are moderate… Prosperity in Norway is mainly a product of the efficiency and productivity of its people. Whether Nigeria has utilised its oil wealth in a prudent manner is still a topic for national debate. However, considering how dependent...
Source: premiumtimesng.com