LAGOS — CENTRAL Bank of Nigeria, CBN governor, Mallam Sanusi Lamido Sanusi has identified oil theft and increasing government spending as the greatest challenges facing the Nigerian economy. He stated this while delivering a keynote address at the Udo Udoma and Bello Osagie 30th anniversary lecture in Lagos.He said that the situation where some people successfully steal crude oil, refine and ship outside the country, and the fact that government spending is on a continuous upward trend, will continue to make it impossible for the economy to move at the desired rate.
