Word: nigeria
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Dates: during 1990-1999
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They're not the only ones. Russia, Ukraine, Egypt, India and Indonesia are, a CIA expert warns, "especially vulnerable due to their poor Y2K preparation." Nigeria recently reported that up to 80% of its computers--and, more important, 69 of its 80 banks--are not Y2K compliant...
Some of Citi's other private clients included two sons of Nigeria's recently deceased dictator, General Sani Abacha. Shortly after the general's demise last year, his wife was stopped as she tried to leave the country with 35 or so suitcases bulging with foreign currency. According to the report, with Abacha gone and Nigeria searching for money he allegedly stole, his sons urgently began to shift $39 million among various Citi accounts--with no opposition from the bank...
...simple yes. Sen's bold statement can be paraphrased as follows. Famine does not occur in nations committed to the rule of democracy because elected governments know that the way to the people's vote is through their stomachs. This piece of advice will ring especially true for Nigeria if the military engine is successfully diverted to agricultural productivity...
...Nigerian economy's addiction to petroleum has led to a series of unfortunate compromises in the not-too-distant past, including environmental degradation, rampant human rights abuses and urban degeneration. These are not problems unique to Nigeria, but the world is watching how Nigeria handles a renewed voucher for democracy...
Hopefully, President Obasanjo's optimism will spread beyond the geographical boundaries of Nigeria, and the country's lost role as the "Giant of Africa" can be recast as the "Phoenix of Africa...