29-09-2015 16:33 via news.yahoo.com

Nigeria struggles with unprecedented economic crisis: Senate leader

Nigeria is struggling with an unprecedented economic crisis due to a plunge in oil revenues undermining the state's ability to provide even basic services, Senate President Bukola Saraki said on Tuesday. The comments by the country's third most powerful person are among the starkest from officials on the extent of an economic crisis hitting Africa's top oil producer. A collapse of global oil prices has whacked public finances and weakened the naira, delaying public salaries and fuelling inflatio
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