Word: nigerianism
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...strong dollar enables most American executives abroad to live the good life, but not everywhere. Lagos is the most expensive city in the world for foreigners. According to a survey published last week by Business International, a Genevabased consulting firm, the Nigerian capital is 46% more expensive than New York City, largely because of a booming black market...
...Latin America, almost half of the yearly "maternal" deaths are due to improperly performed illegal abortions. The figure is almost as high through of most of Africa where, the Nigerian contributer writes, abortions are only granted when the women's health is in danger. And in South Africa the "anonymous" white South African feminist" reports, black women are "often forcibly sterilized after having children in State hospitals...
Last week's meeting had hardly got under way when it ran into trouble. Nigerian Oil Minister Tam David-West sparked an uproar by discrediting a report prepared by Mani Said al-Oteiba of the United Arab Emirates. The study came from a committee that attempts to find out which OPEC members are secretly exceeding their quotas or selling at discounts from official prices. Financially strapped Nigeria is one of the suspects. Oteiba stormed out of the conference, telling reporters that David-West "is stabbing OPEC in the back by defying our pricing structure...
...then they wrangled for 2% days over how to divide up the cutback. That renewed oil industry doubts about OPEC's ability to live up to its decrees. During a cordial but "extremely frank" meeting, as one participant described it, ministers from Iran, Venezuela and Algeria lambasted their Nigerian colleague for helping to set off the crisis. Citing Nigeria's dire economic woes, Oil Minister Tarn David-West rebuffed pressure to restore his country's petroleum price or to cut its production target "by even one barrel." Said he: "Oil is the life of Nigeria. The Nigerian...
Oteiba's surprise comment came after his Nigerian counterpart, Tam David-West, ruled out joining the cartel in reducing production to prop up its prices...