Nigeria wrestles with 'suddenly poor' status

Nigeria's economy has collapsed to the point of losing its first place in Africa and that of the continent's first oil exporterFirst it was falling oil prices that plagued Nigeria, then came inflation, power shortages, and a humanitarian crisis in the north. “Suddenly, we’re a poor country,” Nigerian President Muhammadu Buhari said on Thursday in Abuja, the nation’s capital. By the end of the month it’s likely Nigeria will officially enter a recession.

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