Pranged
The sacking of Lamido Sanusi has reversed Nigeria’s recent progress
WHEN a space opens in the next lane of the choked streets of Lagos, the bustling commercial capital of Nigeria, even a careful driver is apt to surge forward. But the negligible advance is hardly worth the risk of a collision. The country’s president, Goodluck Jonathan, hemmed in by allegations of corruption at the state oil company, has yielded to a similarly reckless gamble. The result has been a mini-crash in Nigeria’s financial markets and a grave setback to the country’s progress towards securing macroeconomic stability.
This article appeared in the Leaders section of the print edition under the headline “Pranged”
From the March 1st 2014 edition
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