Tuesday, August 16, 2011

ANALYSIS-Nigerian economic reform heavyweights set for tussle

Reuters
11 August 2011

* Okonjo-Iweala, Sanusi must blend big personalities

* Early bank nationalisation shows Sanusi's intent

* Cenbank, finmin have common goals but tensions too

By Joe Brock

ABUJA, Aug 11 (Reuters) - Nigeria's Central Bank Governor Lamido Sanusi and former World Bank chief Ngozi Okonjo-Iweala will spearhead the immediate future of Africa's third-largest economy, but how they deal with tensions between them will determine their success.

Okonjo-Iweala is expected to arrive this month to take the role of Coordinating Minister for the Economy and Minister of Finance, an expanded version of the role she held between 2003 and 2006 when she successfully secured Nigerian debt relief.

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