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Vol 1 (AAC) No 6

Published 1st April 2008


Nigeria

Shamsudeen Usman

Finance Minister, Nigeria

Since joining Umaru Musa Yar'Adua's cabinet in 2007 as Finance Minister, Shamsudeen Usman has courted foreign investment - particularly from China - to rejuvenate Nigeria's infrastructure and boost its petroleum production. His appointment seemed to indicate that Yar'Adua wanted to continue the reforms introduced by his predecessor's Finance Minister, Ngozi Okonjo-Iweala. As Deputy Governor of the Central Bank of Nigeria (CBN) in charge of domestic monetary policy (1999-2007), Usman was involved in Okonjo-Iweala's debt restructuring deal. Some say Usman lacks the drive that distinguished Okonjo-Iweala, who forced reforms through entrenched resistance but he shares her insistence on fiscal discipline.

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