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Nigerian business leaders concerned over job sector

Faced with a low oil price, falling foreign reserves and a depreciating currency, Nigerian business leaders are concerned over the impact the financial crisis will have on the job market.

14 Jan 2009

Nigeria is heavily dependent on the oil price and the fall in prices, plus a falling currency, has meant that the cost of doing business has rocketed, banks are cutting their spending, and credit, and businesses are struggling to survive. Business leaders fear that these factors will lead to massive job losses.

Read the article here.