Related Articles
In depth
Forward article link
Share PDF with colleagues

Action time for Nigeria's government

Nigeria’s government is pressing on with plans to liberalise key parts of the economy. The downstream is a priority

BY LOOSENING the state's grip on key levers, from the exchange rate to the oil industry, Muhammadu Buhari's adminis­tration wants to fire up Nigeria's economy. The economy shrank in real terms by 0.36% in the first quarter of 2016, as over-reliance on oil bit hard. The outlook is slightly better - the African Development Bank forecasts GDP for the year could grow by 3.8% - but neighbours Côte d'Ivo­ire, Ghana and Senegal are all doing better. The gravity of the situation has prompt­ed a search for sweeping remedies. State firm Nigerian National Petroleum Corpo­ration (NNPC) said in late June that it had signed provisional agreements worth some $80bn with more than 30 Chinese firms to upgra

Also in this section
Taiwan’s useful LNG ally
17 August 2018
Strengthening energy links between Taiwan and the US could impact on power dynamics in the South China Sea
Book Review: Unraveling Syria's struggles
16 August 2018
Diana Darke paints a broad picture of Syria, past and present, identifying the nation’s complex character and its remarkable endurance capacity
Kenya project on track, despite unrest
16 August 2018
Concerns over revenue sharing and security have triggered repeated blockades at the remotely located oil development