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Vol 57 No 8

Published 15th April 2016


Nigeria

Economy thwarts Buhari

Dilemmas over the exchange rate top a lengthening list of woes. The government turns to China for help

A year after the national boost from Muhammadu Buhari’s victory in the presidential election, the economic crisis is deepening, worsened by a combination of falling commodity prices, tighter international financial conditions, and the slowdown and rebalancing of China’s economy. Yet it was to China that President Buhari took a ten-strong ministerial delegation, his biggest yet, on 10 April in search of new trade and investment.

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