Saturday, October 18, 2008


There's an interesting story on the BBC website re: the Nigerian government's pending budget cuts due to the falling oil price. Their national budget is pegged at a minimum of $62USD, however Trinidad and Tobago's is pegged at $70USD.
Do we see any similarities to Trinidad and Tobago's situation?
On two occasions, we see government ministers affirming that the government sees no need to adjust its budget: Browne: No need for T&T government to adjust Budget, written by Juhel Browne for Latin Petroleum on October 13th; and again Mr Browne's story for the Trinidad Express on Friday October 17th, titled Govt stays course as oil dips below US$70.
Nigeria is one of the world's biggest oil exporters and they are taking heed to the situation, so why are Trini politicians showing so much confidence?
Who is going to help them see the light?