Editorial Board
Nigeria's Economy Needs Visionary Leadership
Dismantling foreign exchange controls will draw investors and create jobs.
More freedom, fewer controls.
Photograph: Dan Kitwood/Getty ImagesAfrica and the world cannot afford a failing economy in the continent’s most populous nation. Yet that is exactly what Nigeria might be getting: Its economy is on track to shrink by 1.7 percent this year, the official unemployment rate has more than doubled over the last two years, and inflation is at an 11-year high.
QuickTake Nigeria’s Horrors and Hopes
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Nigeria's Economy Needs Visionary Leadership