Word: nigerias
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...money from industrialized countries to the oil exporters is another. Ford's program, if it really does hold down imports, would at least divert to the U.S. Government, and back into the pockets of taxpayers, some money that Americans otherwise would pour into the treasuries of Venezuela, Iran, Nigeria, Canada and the Arab nations. Moreover, the U.S. must hold down imports to free itself of the threat of political blackmail from foreign suppliers who could shut off the tap at any time...
...will also speak to the Harvard Alumni of Nigeria during his trip...
...visit, which will include stops in Nigeria, Zaire and Kenya, is the first trip he has taken outside the United States since taking office as Harvard's president...
...poorest countries of Africa, Asia and Latin America were the worst hurt victims of the oil squeeze. Indeed, the developing countries' extra costs for oil last year totaled $10 billion, wiping out most of their foreign aid income of $11.4 billion from the industrialized world. In black Africa, only Nigeria has any big known reserves of oil, and Gabon, the Congo Republic and Angola possess some oil. For the other black African countries, the petrobill came to $1.3 billion last year. Development plans were stymied because so much money was drained off for oil. Drought-induced hunger became worse...
...Africa, the government-controlled press dominates the Ghana scene, but Nigeria has "the freest press in black Africa"; Egypt, where the picture is brighter, has lifted every restriction but military censorship...