Business & Economy

TECHNOLOGICAL CHANGES AND EMERGING PARADIGM SHIFT IN THE GLOBAL ENERGY LANDSCAPE: THREATS AND OPPORTUNITIES FOR DEVELOPING COUNTRIES

The evolution of the global energy sector provides opportunities as well as challenges for countries whose economies are largely dependent on fossil fuels revenue. For most mono-product economies (like Nigeria) budgets are based on revenues from those commodities; and as such, are exposed to price volatility in the international commodity markets.