NIGERIA: SHRINKING FOREX RESERVES FORCE GOVERNMENT’S HAND ON DRIVING KEY REFORMS

   Tue, 29 September 2020

Freshly emboldened reformists in the Nigerian government have not backed down in the face of labour union pressure and vested interests in the fuel trading and electricity distribution sectors. Long overdue legislation to restructure the oil and gas sector is now closer to being passed than ever before, while new measures are expected to protect shrinking foreign exchange reserves that are imperilling completion of major industrial projects such as refineries and power plants.

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