Nigeria: Back to the Debt Trap?

| September 9, 2013

[Leadership]Finance minister Ngozi Okonjo-Iweala recently assured the nation that its rising debt profile was nothing to worry about. It did not take long before she publicly admitted that Nigeria was running out of cash. She equally recognized the monumental theft of the country’s crude oil: at least 400, 000 barrels per day.

Category: News

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