Mark my words: The importance of Nigeria in global economy and culture will keep increasing, until soon people won't be able to understand how Nigeria ever wasn't considered an "important country".https://twitter.com/qzafrica/status/1102990242490056704 …
1/ Y'all should spend some time looking at Nigeria. Right now I'd say biggest problem is lack of a successful macrofiscal framework, leaving it completely dependent on oil flows. This means oil wealth won't translate to broad based economic growth despite size of domestic economy
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2/ For instance, there's a political expectation of a stable naira to limit imported inflation. CBN has spent the last couple of years opportunistically draining naira liquidity to keep naira out of FX auctions, which muted the affect of fiscal expansion after oil price collapse
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