Nigeria's Promise Turns to Peril as Investors Head for the Exits
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Lagos, Nigeria.
Photographer: Peeter Viisimaa via Getty ImagesThis article is for subscribers only.
The promise of Africa’s biggest economy has turned to peril.
Companies drawn to Nigeria by the prospect of a population bigger than Germany and Turkey’s combined are retreating; those staying have publicly criticized the president, a military strongman in the 1980s who came back to power via an election last year; and foreign investors are pulling their money out.