• Oil-rich Nigeria Is Ready To Implode. There’s One Way To Stop It – Financial Post

    Oil-rich Nigeria Is Ready To Implode. There’s One Way To Stop It – Financial Post

    Nigeria, Africa’s most populous country with 180 million people, and its largest economy with a US$1.1 trillion GDP, is imploding:

    Insurrections by Boko Haram and others; sectarian butchery where the country’s Muslim north meets its Christian south; corruption so rampant it ranks as the country’s second-largest industry; and plummeting oil production are making the country ungovernable.

    This resource-rich former British colony — until recently Africa’s largest oil exporter — is now racking up deficits, and negotiating multi-billion dollar bailouts through agencies such […]