NIGERIA'S BIG OIL
As petroleum minister during the 1970s oil boom, Muhammadu Buhari set up the Nigerian National Petroleum Corporation. It is an accident of history that the same man, elected president in March, could now be compelled to dismantle the state oil company he helped create.
The first opposition leader in Nigeria to unseat an incumbent president at the polls, the ascetic, 72-year-old former military ruler will be sworn in on Friday against a backdrop of crippling fuel shortages and falling revenues. His success or otherwise in fixing the company that manages the lifeblood of the economy — oil — could make or break his presidency and determine whether or not Nigeria lives up to its…
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