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Nigeria faces multiple crises as daunting fiscal, social challenges unfold


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Issue 415 - 15 May 2020
Senior officials have kept their counsel during a difficult period when coronavirus and the oil price slump have laid low the Nigerian economy, but there are signs that reformists in Abuja are trying to use the crisis to their advantage – reflected in action to end fuel subsidies and accelerate power sector reforms. But despite some potentially important steps forward, the outlook is extremely difficult in a humanitarian crisis where social distancing is all but impossible for the majority of the population.

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