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THE YEAR 2007 WAS AN EVENTFUL one in Nigeria, both politically and economically. Growth slowed in the face of continued turmoil in the oil‐producing Niger Delta, but medium‐term economic prospects are supported by high oil prices and prudent macroeconomic policies. At the political level, the elections were marred by widespread allegations of fraud and intimidation, but the new president has nonetheless assumed office peacefully and appears committed to economic reform.
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Document Type: Review Article

Publication date: May 1, 2008

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