Nigeria Announces Budget Cuts Due to Falling Price of Oil

As a result of the dramatic fall in oil prices Nigeria has announced it will be forced to slash its budget as a means of reducing its expenditures.

With the price of oil dropping nearly 50 percent per barrel Nigeria, one of the world’s largest producers of oil, has found their main source of income shore up. Adding to Nigeria’s problems is the continued volatility in a main oil region that has cost the country about 20 percent in production.

Nigeria depends almost exclusively on revenue from oil to support its budget. While there has been no announcement as to what will be cut many have speculated that areas within civil service and road repair would be hit.

Click here for more World News

About YourFindit

YourFindit Community is a business, music and social networking community. It caters to individuals providing them with a wealth of tools that enable them to create their own web site within YourFindit and display their content. Members can create free profiles that include an About Me, Background and Lifestyle, Videos, Music, Blogs, Photos, their unique URL and network with other members inside the community. YourFindit provides each member the opportunity to reserve an exclusive profile displaying only ads they upload on their pages. Members have the right to sell their ad space to advertisers.

To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily.

YourFindit is owned and operated by TransWorldNews, Inc.

YourFindit profile where Your space is really Your Space