With Brent Crude surging to over $112 per barrel in the wake of the US-Israeli conflict with Iran, Nigeria finds itself at a familiar crossroads: the prospect of an oil windfall and the question of whether this time will be different.
ALIWA Class V Fellow (Karfi Kuo), Waziri Adio, argues that it can be, but only with deliberate leadership. Tracing Nigeria’s long history of squandering oil booms, from the 1973 Arab Oil Embargo to the Russia-Ukraine price spike of 2022, he makes a clear-eyed case for what responsible stewardship looks like now.
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