Listening to Obasanjo on Boko Haram in Nigeria

News Insight by Jonathan Power

LUND, Sweden (IDN) – If there is one man in Africa who combines kindness, authoritarianism of right and rationed proportions with nevertheless a deep commitment to democracy, business proficiency learnt on his now large-scale farms, political nous that outsmarts all competitors, a demanding Christian belief, honed while he was in prison for 3 years under the military dictatorship and a not overdone portion of charisma, it is Olusegun Obasanjo, the man who returned Nigeria, Africa’s most populated country and largest economy, to democracy twice and was himself the elected president for 8 years from 1999 to 2007. No wonder a majority of Nigerians consider the Obasanjo years as the best in Nigeria’s history.

I have to say in my 40 years of being a writer on foreign affairs and interviewing over 60 heads of government he is the one who has impressed me the most, for sheer brainpower, idealism and wisdom.

Nigeria’s Woes Begin as Oil Price Plummets

NEW YORK | ABUJATumbling oil prices have been a gift to some but they’ve blown a huge hole in Nigeria’s balance sheet which some fear may set the once promising African economy into a tail spin.

What could be worse than finding you have a trillion dollar budget gap and an insurgent group that threatens to hit whatever oil wells remain?

Nigeria startled the finance markets by announcing plans to ask the World Bank and the African Development Bank for a $3.5 billion loan.

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