Teaching Comparative Government and Politics

Thursday, January 15, 2009

A commission in Nigeria

It may be a theme of Yar'Adua's presidency. Last fall he appointed a commission to deal with the problems in the Delta. Now, he's appointed a commission to deal with the fiscal crisis caused by the collapse of oil prices.

New team to tackle Nigeria crisis

"Nigeria's President Umaru Yar'Adua has put together a new team of economic advisers to tackle a looming financial crisis after the oil price collapse...

"President Yar'Adua has warned that there are tough times ahead for Africa's largest oil exporter.

"'We are saddled with the twin task of maintaining macroeconomic stability in an environment of global economic meltdown, delivering shared prosperity to our citizens in the face of dwindling national revenues,' President Yar'Adua said...

"Nigeria's economy is heavily tied to oil, which accounts for 95% of its government revenue...

"One surprise addition to the new economic team is the former union leader and opposition party member Adams Oshiomhole, now the governor of Edo state.

"Mr Oshiomhole has been very critical of the ruling People's Democratic Party in the past..."

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