United States. Central Intelligence Agency

CIA World Fact Book, 2004 — Nigeria (2004)

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Quotes from CIA World Fact Book, 2004 — Nigeria (United States. Central Intelligence Agency)

United States. Central Intelligence Agency,  CIA World Fact Book, 2004 — Nigeria (2004)

“ The president faces the daunting task of rebuilding a petroleum-based economy, whose revenues have been squandered through corruption and mismanagement, and institutionalizing democracy. In addition, the OBASANJO administration must defuse longstanding ethnic and religious tensions, if it is to build a sound foundation for economic growth and political stability. Despite some irregularities, the April 2003 elections marked the first civilian transfer of power in Nigeria's history. ”
Source: Wikisource

United States. Central Intelligence Agency,  CIA World Fact Book, 2004 — Nigeria (2004)

“ Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. The government has lacked the political will to implement the market-oriented reforms urged by the IMF, such as to modernize the banking system, to curb inflation by blocking excessive wage demands, and to resolve regional disputes over the distribution of earnings from the oil industry. ”
Source: Wikisource

United States. Central Intelligence Agency,  CIA World Fact Book, 2004 — Nigeria (2004)

“ The largely subsistence agricultural sector has failed to keep up with rapid population growth - Nigeria is Africa's most populous country - and the country, once a large net exporter of food, now must import food. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. ”
Source: Wikisource

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