In spite of the bulk of the population being employed in
agriculture, the main source of revenue for the Nigerian state is the export of
oil. At the moment a lot of money is coming in, and yet poverty and income
inequality have never been so high. When the US
recession finally hits Nigeria
it will have a tremendous impact on the political life of the country.
According to official figures Nigeria is booming, thanks mainly
to the sky-high price of oil. And yet poverty levels are increasing and the gap
between rich and poor has never been so high. There is a lot of talk of boom,
but more and more people are literally becoming hungry, some on the verge of
starvation.