Obama’s shale subsidy means more stress for Nigeria

If predictions by analysts that the United States of America (USA) would subsidise her shale oil producers to prevent them from bulking under current falling oil prices materialise, Nigeria may be in for a longer crisis, economic and policy watchers said last night.

The Obama government is believed to be working hard to achieve energy self-sufficiency, a national security issue for the US.

The analysts also say that the Federal Government’s current austerity measures and monetary tightening may