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Tag Archives: Nigeria headed for financial mess as oil price drops below 70 dollars/barrel

For profligate, corrupt Nigeria, oil shock may bring the party to a crashing end – Tola Adenle

December 2, 2014

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“ … it [debt relief] will be like a second independence … giving us the freedom to focus …something our children will appreciate …” Ngozi Iweala. On paying off all Nigeria’s old debt during retired General Obasanjo’s presidency. When Nigeria struck it rich in the very early 70s several years after oil was first discovered […]

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