2019 Election: US Predicts Doom For Nigeria’s Economy

By Ikenga Chronicles September 9, 2017

2019 Election: US Predicts Doom For Nigeria’s Economy

The United States of America on Friday predicted doom for Nigeria economy ahead of 2019 General Election.

The US stated that the much-awaited doom is based on the threats by Niger Delta militants to resume bombing of oil facilities in the region.

Commander of the United States Naval Forces in charge of Europe and Africa, Admiral Michelle Howard, said this few days after the National Bureau of Statistics (NBS) declared that Nigeria was out of recession.

He said: “Oil extraction and production accounts for 75% of Nigeria’s revenue with the vast majority of oil infrastructure existing off shore or really close inshore.”

“So terrorism, criminal networks, illegal bunkering with damages of oil pipeline directly threatens Nigeria economy.

“That is where navies come in. I, as the commander, regards the Nigerian Navy as a key regional partner in securing the Gulf of Guinea seek to strengthen our relationship by assisting in economic security and enhancing regional stability.”