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Africa

Nigeria: Rising Policy Risk, Institutional Weakness Weighs on Economy

Nigeria’s recent attempt to retrospectively tax international oil companies was seen by many as an attempt to desperately plug gaps in the country’s budget. But the government’s strained relationship with the country’s largest revenue generating sector is merely a symptom of much deeper issues: patchy revenue generation, ineffective institutions, and rising policy risk.

Nov 20, 2019 // 1:50PM

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