Magazine
Latest Issue

The Nigerian tiger

Its economy may be booming, but Nigeria is convulsed by a personality clash between its old president and his successor

By Jonathan Power   July 2008

Discuss this article here

Nigeria contains one quarter of the world’s black population. So it is not surprising that—apart from being crazy about Barack Obama—they tend to think the world begins and ends with their country.

But this inward focus seems to have produced results. In the eight years of the last administration of Olusegun Obasanjo, who stepped down as president last May, Nigeria paid off its huge debt, stabilised its currency, cut inflation and established effective macroeconomic and fiscal policies. Economic growth is now at 9 per cent a year. I have been a frequent visitor to Nigeria over…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect