A New Dawn Or A False Start?
June 16th 2023
A new President has created excitement and uncertainty
Since the election of the new Nigerian president, Mr. Bola Ahmed Tinubu, who was inaugurated on May 29, 2023, the country has been frequently in the news. Nigeria, Africa’s most populous nation, faces many challenges, both economic and social. The oil and energy industry, one of the most important economic drivers in Nigeria and its primary source of foreign exchange, faces significant challenges of its own, including fuel shortages and declining crude oil production. Not surprisingly, many of the changes that the new government has introduced touch the oil and shipping sector, both directly and indirectly.
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