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...Shagari's clout was evident at the July summit of the Organization of African Unity in Freetown, Sierra Leone. When the organization threatened to founder over the divisive issue of Morocco's war against the Algeria-backed Polisario guerrillas in the former Spanish Sahara, Shagari defused the crisis with a compromise peace-keeping plan. Similarly, it was Nigeria's displeasure over the executions of 13 top officials in Liberia that ultimately forced the erratic new regime of Sergeant Samuel Doe to refrain from further bloodspilling. With the exception of those states that actually border South Africa, Nigeria...

Author: /time Magazine | Title: NIGERIA: Wielding Africa's Oil Weapon | 10/6/1980 | See Source »

President Shagari vows to wage "holy war"against apartheid...

Author: /time Magazine | Title: NIGERIA: Wielding Africa's Oil Weapon | 10/6/1980 | See Source »

...crude oil, Nigeria ranks as the U.S. 's second largest supplier of foreign petroleum (after Saudi Arabia). Nigeria's staggering trade surplus with the U.S. this year is expected to top $11 billion-possibly more than that of any other nation. This week Nigerian President Alhaji Shehu Shagari will arrive in the U.S. to address the United Nations and pay a three-day official visit to Washington. In a wide-ranging, one-hour discussion with TIME Nairobi Bureau Chief Jack White at the State House in Lagos last week, Shagari left no doubt that he intends...

Author: /time Magazine | Title: NIGERIA: Wielding Africa's Oil Weapon | 10/6/1980 | See Source »

...mild-mannered and bespectacled, Alhaji Shehu Shagari, 55, seems the very antithesis of the stereotypical boisterous Nigerian politician. But when the former school-teacher speaks, people listen. The reason: he is the leader of a country that boasts Africa's biggest population (90 million), largest standing army (130,000) and a G.N.P. of more than $50 billion. As one African diplomat puts it, "Whenever there is an important African issue, everyone waits to see what Nigeria decides. You can oppose it, but you must always take it into account...

Author: /time Magazine | Title: NIGERIA: Wielding Africa's Oil Weapon | 10/6/1980 | See Source »

...confusion began a year ago when the Punch, a newspaper that is more noted for its third-page cheesecake than its investigative prowess, reported that approximately $5 billion was missing from the accounts of the government-run Nigerian National Petroleum Corp. In response to the charges, the newly installed Shagari government last spring appointed a five-man tribunal to investigate. The group's report, which was released two weeks ago, noted that the government's oil records were a shambles, but that there was no evidence of any missing funds...

Author: /time Magazine | Title: Business: Sorry, No Smut | 8/25/1980 | See Source »

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