Collapse of oil prices could lead Nigeria into civil unrest – Jackson

0
21

The collapse of oil prices across the globe, the slow response to COVID-19, and an ailing health system could tip Nigeria into widespread civil unrest and terrorism, Mr Joe Jackson, a Ghananain investment advisor, has said.

Oil prices on the international market have dropped drastically following the COVID-19 outbreak which is wreaking havoc to global economies.

In a tweet, Mr Jackson said : “The collapse of oil prices, slow response to COVID-19, and an ailing health system could tip Nigeria into widespread civil unrest and terrorism.”

The Director of Operations at Dalex Finance also noted that Nigeria will threaten Ghana’s post COVID-19 economic renaissance.

He noted that Nigeria will not be able to deal with the effect of the COVID-19 on its economy especially the oil industry, immediately after the pandemic.

This situation, he said is likely to throw the country into chaos and anarchy because of joblessness.

He said many Nigerians will then be forced to migrate to Ghana to seek greener pastures and this will no doubt strain Ghana’s economy and thwart efforts to rebuild it after the pandemic.

“Nigeria poses a huge risk to Ghana’s post-COVID-19 economic recovery,” Mr Jackosn tweeted.

Adding that : “The nightmare scenario could cause massive migration to Ghana.”

Source: Laudbusiness.com/Ghana

LEAVE A REPLY

Please enter your comment!
Please enter your name here