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Vol 40 No 21

Published 22nd October 1999


Cleaning up oil

At last people are taking Obasabjo's crackdown on oil crooks seriously

Recent high-level visitors to Abuja have left apparently convinced that President Olusegun Obasanjo is reversing 20 years of corruption and mismanagement in Nigeria's oil industry, the heart of its economy (AC Vol 21 Nos 12 & 19). They are less persuaded that his team has the political skills to tackle the crisis in the oil-producing areas which has cost hundreds of lives this year - and about US$1 billion in revenue. Whatever their reservations, visitors such as the United States Secretary of State Madeleine Albright and World Bank President Jim Wolfensohn have heaped accolades on Obasanjo but, so far, little cash.

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