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Vol 44 No 13

Published 27th June 2003


Atlantic crossing

Promising that his second-term government would be based on merit not party allegiance, President Olusegun Obasanjo said the focus would be on economic growth and job creation as details about his cabinet trickle out. Obasanjo remains haunted by Nigerians' long-standing antipathy to the World Bank and International Monetary Fund, which have a veto on Nigeria's chances of debt reduction and new development finance. The IMF broke off negotiations with the Obasanjo government a year or so ago after failing to agree on public spending priorities and accountability.

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