Oil shock exposes Nigeria’s import trap as local tech manufacturing gains urgency

Nigeria’s exposure to global shocks is once again in focus after rising tensions in the Middle East pushed oil prices above $100 per barrel, driving up fuel costs locally despite the country’s status as a major crude producer. The disruption linked to the Strait of Hormuz has highlighted a long-standing weakness in Africa’s largest economy: […] read more Oil shock exposes Nigeria’s import trap as local tech manufacturing gains urgency