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Instead of Cutting Waste, Nigeria Racks Up Debt to Replace Oil Revenues

Author: Matthew T. Page
World Politics Review

Last week, Nigeria’s Senate passed President Muhammadu Buhari’s proposed 2016 budget, which projected a deficit of $15 billion due to falling oil prices. In an email interview, Matthew Page, an international affairs fellow at the Council on Foreign Relations, discussed the impact of falling oil prices on Nigeria’s economy and politics.

See more in Nigeria; Oil; Budget, Debt, and Deficits