Blackouts, Violence and Now Recession: Nigeria’s Troubles Mount

  • Currency collapse wrecks businesses and drives inflation
  • ‘The last two years have been terrible,’ French executive says

The Ajaokuta steel plant Photographer: David Maligha Doya/Bloomberg

On a site four times the size of Manhattan along the banks of the Niger river, the Ajaokuta steel plant was supposed to symbolize Nigeria’s modernity and prosperity rather than its failure.

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