LETTERS: What Kenya needs to be a successful oil state - News Summed Up

LETTERS: What Kenya needs to be a successful oil state


Letters LETTERS: What Kenya needs to be a successful oil stateSuccessful oil-producing countries have been able to save, invest and diversity their economies. Successful countries ensure that sectors other than the oil sector are supported and grown. They use the oil revenue to develop other sectors to ensure there is balanced development and so that oil revenue does not lead to movement of workers to the oil industry. This refers to a situation where there is an increase in economic development in the oil sector of a country and a decline in other sectors. Equitable sharing of oil revenue that benefits communities from which oil is extracted and the country as a whole, create a feeling of inclusiveness among citizens.


Source: The North Africa Journal April 03, 2019 19:07 UTC



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