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.
Africa’s largest economy is struggling to find its feet. Sliding oil prices threaten to derail President Muhammadu Buhari’s efforts to put Nigeria’s public finances back in order, fund planned infrastructure spending, and field much-needed social programs.
or decades, Nigeria’s state oil company, the Nigerian National Petroleum Corporation (NNPC) has been the leading symbol of official corruption and a seemingly boundless source of political patronage. Faced with plummeting global oil prices and dwindling state coffers, president Muhammadu Buhari cannot afford to allow the NNPC, under a veneer of reform, to operate much as it did before.
Under President Muhammadu Buhari, the fight against corruption in Nigeria has unquestionably turned a corner. Shortly after taking office in May, he vowed to “plug revenue leakages”, made sweeping changes in the notoriously corrupt Nigerian National Petroleum Corporation (NNPC), and took steps to tighten control over public spending.
The spotlight is on Nigeria's new president as he tries to tackle a vicious insurgency and steep economic problems but the crucial actors in trying to stabilize Africa's most populous country are at the state level, writes CFR's Matthew Page.
President Muhammadu Buhari, who was inaugurated May 29, is the antithesis of the stereotypical Nigerian politician: incorruptible, soft-spoken, self-effacing and deliberate. He embraces the nickname “Baba Go-Slow and Steady.” Buhari’s unhurried style has its downsides, however: It took him an unprecedented four months to name a solid but unextraordinary cabinet.
Africa’s most populous country is holding tight elections amid a fierce insurgency and plummeting oil revenues. There are concerns that the vote could trigger a new round of instability, writes CFR’s John Campbell.
John Campbell, CFR’s Ralph Bunche senior fellow for Africa policy studies, discusses the political and security implications of Nigeria’s Independent National Elections Commission’s decision to postpone the February 14, 2015 presidential elections until March 28, 2015, as part of CFR's Academic Conference Call series.
The 2015 elections again may precipitate violence that could destabilize Nigeria, and Washington has even less leverage in Abuja than it did in 2011. CFR Senior Fellow for Africa Policy Studies John Campbell analyzes new concerns about Nigeria's fraught politics.
Nigeria’s heavy dependence on oil revenues puts it in a risky position economically and politically, raising new concerns about instability in Africa’s most populous country, writes CFR’s John Campbell.
The militant Islamist group Boko Haram’s increasingly bold attacks in Nigeria—most notably its April kidnapping of nearly three hundred female students—threaten to fuel further Muslim-Christian violence and destabilize West Africa, making the group a leading concern for U.S. policymakers, writes former U.S. Ambassador to Nigeria John Campbell, CFR senior fellow for Africa policy studies, in a new Council Special Report from the Center for Preventive Action(CPA).
John Campbell, Ralph Bunche senior fellow for Africa policy studies, evaluates the implications of the Boko Haram insurgency and recommends that the United States support Nigerian efforts to address the drivers of Boko Haram, such as poverty and corruption, and to foster stronger ties with Nigerian civil society.
Poor governance and extreme poverty has contributed to the rise of Boko Haram, a radical Islamist movement, in the northeast of Nigeria. John Campbell argues that to defeat Boko Haram governments must focus on humanitarian assistance and work to improve the lives of northern Nigerians.
On May 17, 2014, heads of state from Benin, Cameroon, Chad, France, Niger, and Nigeria and representatives of the European Union, the United Kingdom, and the United States discussed how to combat the Nigerian terrorist group Boko Haram, which abducted more than 200 school children.
On May 09, 2014, Press Secretary Rear Admiral John Kirby previewed Secretary of Defense Chuck Hagel's travel to Saudi Arabia, Jordan, and Israel. Rear Admiral Kirby also provided details on U.S. participation in a coordination cell in Nigeria, to help Nigerian authorities analyze intelligence regarding Boko Haram's kidnapping of school girls.
CFR Senior Fellow and former ambassador to Nigeria John Campbell and former U.S. Assistant Secretary of State for African Affairs and Senior Advisor at the United States Institute of Peace Johnnie Carson discussed the recent violence and kidnappings in northern Nigeria and preparations for the World Economic Forum starting in Abuja.
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