🇳🇬 Oil Price Shock Impact on Nigeria
Modeled estimates of how a sudden oil price increase (to $128/barrel, realistic sensitivity) would affect different sectors of Nigeria's economy.
Sectors
- ✈️ Travel & Tourism — estimated +18.2% to +33.4%
- 🚛 Transportation — estimated +24.3% to +41.6%
- 🛒 Food & Groceries — estimated +9.1% to +22.3%
- ⚡ Energy — estimated +30.4% to +45.5%
- 🏗️ Construction — estimated +12.2% to +26%
- 🏠 General Cost of Living — estimated +15.2% to +29.7%