Nigeria’s Woes Could Multiply in Election Year 2015 could be tough for Nigeria. Low oil prices are battering the economy of Africas top oil producer, insecurity is still chronic and there are fears that elections next month could raise tensions still further. It was the season of gloom. In December 2014 - less than two months before elections - the Nigerian government forecast that growth in Africas biggest economy was going to stall in 2015. At a market in Lagos, inflation is already driving up prices. Consumers like Joy Agbonifo are worried about how they are going to survive the next 12 months. Prices are going up every day, yet some government workers in some states havent been paid for three months, she told DW. Back in November the regional governments of all 36 Nigerian states asked the federal government for an additional $2 billion (1.7 billion euros), saying they were struggling to pay salaries and meet other commitments. READ MORE: firstafricanews.ng/index.php?dbs=openlist&s=11509#sthash.JEkHNbWQ.dpuf
Posted on: Tue, 13 Jan 2015 09:41:50 +0000
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