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...Nigerian civil war four years ago this week, the Ibo people of rebellious Biafra feared that defeat would bring genocidal vengeance from the victorious Nigerian army. Instead, the Ibos are prospering as citizens of a federated Nigeria. The credit goes in large part to the young head of state, Major General Yakubu Gowon, who decreed a policy of "no victor and no vanquished" after the savage civil war that took at least 1,000,000 lives...

Author: /time Magazine | Title: NIGERIA: Winning Peace and Prosperity | 1/21/1974 | See Source »

Though the Ibos no longer dominate Nigerian commerce or the civil service as they did before the war, they are reconciled to the new order. Gowon is determined that neither they nor any other tribal group shall ever again attain such a preponderant role. "That is the road back to regional rivalry and despair," he says. "We must be proud of our origins, but work for true nationhood as Nigerians all together...

Author: /time Magazine | Title: NIGERIA: Winning Peace and Prosperity | 1/21/1974 | See Source »

...delta in 1966, and production has reached 2,200,000 bbl. per day, roughly 25% as much as Saudi Arabia was producing before its cutbacks. Gowon has followed the example of the world's major oil exporting nations and announced a 77% increase in the posted price of Nigerian crude, making it $14.69 per bbl. The new price is expected to earn Nigeria some $7 billion this year. In addition, the government currently is mulling over offers, mostly from American firms, to exploit the 2 billion cu. ft. of natural gas that now are flared daily as waste...

Author: /time Magazine | Title: NIGERIA: Winning Peace and Prosperity | 1/21/1974 | See Source »

...moving too slowly, for failing to galvanize his people into any sustained effort at economic development, and for tolerating a certain amount of influence peddling among his subordinates. It is also true that he has not made much headway against the endemic corruption that pervades every aspect of Nigerian life. Yet, given the fanatical tribal hatreds and the incrusted corruption he faces, Gowon has proved to be an effective and sympathetic leader. To his critics, he promises that he will hold elections and return the country to civilian rule in 1976. Then, he insists, he will retire to private life...

Author: /time Magazine | Title: NIGERIA: Winning Peace and Prosperity | 1/21/1974 | See Source »

...deals when Saudi Arabia's Oil Minister Ahmed Zaki Yamani swings through major European capitals next week. Reports are circulating in Europe, however, that the Arabs are allowing international oil companies to beat the boycott, at least partially. The companies are said to be taking Indonesian, Venezuelan and Nigerian oil that is destined for Canada and other nonembargoed countries and diverting it to Dutch refineries. To make up the difference, the firms are shipping extra amounts of Arab oil to their refineries in nonembargoed nations...

Author: /time Magazine | Title: SHORTAGES: A Time of Learning to Live with Less | 12/3/1973 | See Source »

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