Global Economic Crisis- Lessons, Opportunities and Costs for Nigeria

Initially we were told that Nigeria was immune from the global financial crisis on the grounds that our economy was largely a cash based one. Then as the pressure mounted from commentators and analysts who queried that limited thinking, they admitted that indeed even our own equities market was a victim of huge funds withdrawal from foreign investors. However, even with this admittance, they maintained that with US$60 billion in external reserves and a light debt burden that we are adequately shielded. Are we? You have the right to know how exposed our economy really is. You also need to know what opportunities may be there for us as a country.  back to top

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