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Vol 37 No 6

Published 15th March 1996


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.

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