The Thin Line Between Deregulation and Austerity Measures in Nigeria
On Friday, 13th April 2012, the Nigerian mainstream and new media were awash with reports of Nigeria’s dwindling savings. In particular, the Minister of Finance and Coordinating Minister of the Economy, Dr. Ngozi Okonjo Iweala raised alarm over the depletion of the Excess Crude Account (ECA) from $20 billion in 2006 to current levels of $3.6 billion. Ngozi thus confirmed what many analysts [...]
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