The $100 Oil Opportunity: What Nigeria Should Do Differently
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Nigeria is once again standing before a river of oil money with a leaking bucket.
With Brent crude trading above $100 per barrel, far higher than Nigeria’s 2026 budget benchmark of $64.85, the country should be counting a sizeable windfall. But Nigerians have seen this film before. Oil prices rise, government revenue expands, politicians celebrate, expenditure balloons, and when prices collapse, debt, abandoned projects and empty reserves remain.
The important question is not how much Nige
With Brent crude trading above $100 per barrel, far higher than Nigeria’s 2026 budget benchmark of $64.85, the country should be counting a sizeable windfall. But Nigerians have seen this film before. Oil prices rise, government revenue expands, politicians celebrate, expenditure balloons, and when prices collapse, debt, abandoned projects and empty reserves remain.
The important question is not how much Nige
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