in population. The current government, however, has initiated change in Nigeria’s economy by implementing market reforms urged by the IMF. For example, during 2003, fuel prices were deregulated, the oil refineries were privatized and the banking system was modernized. As a result, by 2004 Nigeria’s GDP had strongly increased, a welcome change given the still-high levels of corruption. Despite the inherent problems which face investors, however, Nigeria is one of Africa’s fastest developing telecommunication…
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