Nigerian observer 03 01 2015

Page 1

THE WEEKEND

1

Weekend

SATURDAY, JANUARY 3, 2015

• N 100.00

CMYK

PUBLISHED SINCE OCTOBER 6, 1990 • Vol. XI NO. 3,269 • SATURDAY, JANUARY 3, 20 15

• Dr. Ngozi Okonjo Iweala; Finance Minister

• Christine Lagarde, IMF boss

• Deziani Alizon-Madueke, Petroleum Minister

2015

Why Nigerian Economy May Collapse - Report

D

ECLINING crude oil price, battered naira, if there is a worst time for Nigeria’s economy to be in distress, it is now. With insurgency in Northern Nigeria, each day causing more havoc, creating more victims, more destructions and more distrust in the economy, Nigeria is potentially coming face to face with the storm it has avoided for decades.

Analysts say Nigeria had a chance to build a strong economic and political base. But like all the other opportunities, the nation has had, we squandered it. Nigeria, they assert has been in denial about the unsustainability of corruption within the system. In time of boom the nation can endure the waste, but in time of austerity, corruption will eat up what remains of the Details on pgs. 4/5 nation.

I Am Not A Lesbian

- Yvonne Nelson Pg. 3


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