A wealth of sorrow: why Nigeria’s abundant oil reserves are really a curse

It is known as the resource curse: assets that should bring wealth and stability but instead lead to corruption and poverty. And for Nigeria, oil is the culprit   In Nigeria, oil has been more of a curse than a blessing. Weak institutions of state and poor governance in managing the vast revenues have led the … Continue reading A wealth of sorrow: why Nigeria’s abundant oil reserves are really a curse