Jump to navigation

Vol 37 No 6

Published 15th March 1996


Nigeria

Money and the military

As Washington lobbies Europe for sanctions on the soldiers in Abuja, business gives them a vote of confidence

In a bizarre way, business is learning to live with, if not to love, General Sani Abacha. For those not exercised by questions of human rights, democracy or longer term economic development, Abacha's Nigeria can be an attractive proposition: government spending at less than five per cent of gross domestic product, a current account surplus and direct investment flows of more than US$1,500 million a year, a strengthened and stabilised Naira and an under-valued stock market.

End of preview - This article contains approximately 1544 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you have a print subscription already, click here for a password that gives you full access to the website.

If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.