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Amid the campaign razzamatazz, politicians are ignoring the looming economic disaster

In the party conventions and in the lobbies of Abuja’s smart hotels, the talk is of who should be the new civilian president - and of how to win through in the marketplace to which politics has reverted. As gifts and favours are solicited and received, few speak of the parlous inheritance a new government can expect in May. Yet the enlightened within General Abdulsalami Abubakar’s government, and those abroad who care, fear that Nigeria faces economic collapse, which could make the trumpeted return to civil rule a brief one....

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Keywords:

Abdulsalami Abubakar, Hiroyuki Hino, Ismaila Usman, Russia, Brazil, Sierra Leone, Lost forex privilege, Hamza Zayyad, Ibrahim Babangida, Mike Akhigbe, Sam Aluko, Britain, Indonesia, Germany, Japan, Gordon Brown, Switzerland, Robin Cook, Nigel Wicks, Rasheed Gbadamosi, United States