WHY NIGERIA MAY BE BET­TER OFF THAN UGANDA

Finweek English Edition - - INSIGHT -

“The Nige­rian govern­ment re­ceives a large amount of rev­enues from oil ex­ports, and is there­fore not de­pen­dent on in­ter­na­tional aid,” NKC econ­o­mist Melissa Ver­reynne told Fin­week. “As a re­sult, the en­act­ment of the anti-gay leg­is­la­tion is not ex­pected to have a no­table im­pact on the econ­omy. At most, it may alien­ate some for­eign in­vestors and hu­man rights or­gan­i­sa­tions but given Nigeria’s eco­nomic im­por­tance and po­ten­tial, any fall­out is likely to be small and tran­si­tory. In Nigeria, as in most other African coun­tries, such laws are gen­er­ally pop­u­lar. As such, the pass­ing of an anti- gay law in Nigeria may be seen as an­other at­tempt by Pres­i­dent Good­luck Jonathan to boost his pop­u­lar­ity ahead of elec­tions in Fe­bru­ary next year.”

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