Can General Abacha put the economy back on course?
African Business › Nbr. 1994, January 1994
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Summary
Nigeria's General Sani Abacha
Nigerians are hopeful that Gen Sani Abacha's economic policies could improve their living conditions and put the country back to its feet. Abacha instituted the Interim National Government in a coup on Nov 17, 1993. His initial effort to promote economic reform in the country was hailed by many foreign diplomats. This included the appointment of civilians into the Provisional Ruling Council. However, Abacha still has to deal with corruption, the allocation of resources and the proper management of the foreign exchange market to be able to initiate real reforms in the country.See the full content of this document
Extract
Can General Abacha put the economy back on course?
In an exclusive interview with Dr Kalu Idika Kalu, Nigeria's new Finance Minister, AB's PINI JASON in Lagos seeks the distinguished economic planner's views on Nigeria's economic direction now that General Sani Abacha has taken over the helm.
When General Sani Abacha shoved the Interim National Government aside in an almost imperceptible coup on 17 November, Nigeria and the international community were stunned into disbelief. But, surprisingly soon afterwards, Abacha began to garner public support at a speed that equally astonished observers. He had hardly settled down when Nigeria's rather idle traditional rulers, a st...See the full content of this document
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