NIGERIA: STATES AND FEDERAL GOVERNMENT BATTLE FOR RESOURCES AHEAD OF ELECTIONS
Tue, 15 September 2020
US punitive measures imposed just days before Nigerian state elections demonstrate the high stakes in the contest to succeed the country’s president. The federal and state governments are battling to secure resources and political capital as the economy is set to contract by almost 9 percent this year. Just as the country seeks massive new loans to finance its budget and infrastructure programmes, there are fresh concerns over corruption and sovereign default.
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