Thursday 6 December 2012

Is your job under threat? Oil prices have a big impact on the Nigerian economy...how can you protect your career from falling prices?

Increase your job security with improved skills and techniques: Click here for upcoming courses in Monitoring and Evaluation, Project Management and much more.


Falling oil prices, slower global growth and a looming European crisis puts pressure on our job security. Studies have shown that those who weather the bad times are the ones who use the time wisely and acquire the training and skill sets that they need to keep improving and adapt to changing environments.

We have seen many articles in the press and academic journals in the past few months discussing the risks faced by the changes in oil prices. Here's an example extract from the article in Leadership entitled Nigeria Risks Economic Crisis From Oil Price Shocks:
“Nigeria remains extremely dependent on oil-related revenue for its fiscal earnings. ...the rate of revenue collection is low, well below the sub-Saharan African average, and has been falling as a percentage of Gross Domestic Product (GDP). Rising oil revenue has helped to mask a poor revenue performance from the rest of the economy, but it has also created the basis for ever-increasing amounts of spending, making the country more vulnerable to any oil-related shock”, said Razia Khan, regional head of research, Africa Global Research, Standard Chartered Bank.

While it may seem counter-intuitive to invest during tough times, people who are prepared are far more likely to reap the benefits versus the ones who missed the opportunity to hone their abilities.

If you would feel you could benefit from learning some implementable techniques, we have a couple of great courses coming up: Leadership and Monitoring and Evaluation in August 2012. You'll learn key techniques and skills to improve accountability, stay ahead of your competitors and hopefully increase job security in 2012 and beyond.

I have just read The Oil Curse: How Petroleum Shapes the Development of Nations and found it quite interesting. If you would like other book recommendations, please feel free to email

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