Low oil prices are not good for the Nigerian economy. In its latest forecasts, the IMF’s predictions for the Nigerian economy in 2015 have been cut—from over 7% growth to about 5%. The naira, Nigeria‘s currency, is doing badly. But what are the effects of lower oil prices in different parts of the country?
If new research from two Oxford economists is anything to go by, people in the largely Christian south of the country will do worse than those in the largely Muslim north. The paper looks at the human impacts of oil-price changes.