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Nigeria

Yearbook 1999

Nigeria. According to Countryaah official website, the state elections in January and the parliamentary and presidential elections in February completed the return to democracy. The People's Democratic Party (PDP) largely dominated. The PDP won in 20 out of 35 states and gained its own majority in both chambers of parliament. In the presidential election, the PDP's Olusegun Obasanjo triumphed over Olu Falae, who represented the opposition. Foreign observers complained of cheating in the presidential election, but their and Falee's complaints were rejected.

1999 Nigeria

Obasanjo, who was military president from 1976-79, took over a Nigeria in deep crisis. Oil revenues had almost halved in two years, and GDP was estimated to decline by at least 1.6%. The foreign exchange reserve fell from $ 6.7 billion to $ 4 billion in the first quarter, and the budget deficit of $ 668 million for the same period was almost twice as projected for the entire year. The economic race was believed to be mainly due to the outgoing military junta's looting of the Treasury.

Obasanjo's main promise was to fight corruption. He canceled all business contracts entered into since June 1 and replaced the management of the state oil company NNPC. The rules for trade in crude oil were tightened to remove the middlemen who won contracts by having high-ranking officers or politicians as "sponsors". This abuse is believed to have cost NNPC up to $ 1.5 billion a year.

Obasanjo also fired high-ranking officers who held political missions and appointed a human rights commission to investigate abuses since N's first military coup in 1966.

At the government's request, Swiss bank accounts belonging to the estate were blocked by former dictator Sani Abacha and his co-workers. The accounts were believed to contain more than two billion dollars stolen from the Nigerian state.

Abacha's son Mohammed and other representatives of the former regime were brought to justice for the 1996 assassination of Kudirat Abiola, wife of the then incarcerated opposition leader Moshood Abiola.

The ethnic conflicts that plagued Nigeria during the dictatorship continued after the regime change. In the poor Niger Delta, the center of oil recovery, young people from the ijaw people demanded a larger share of the oil income. The riots culminated in the murders of twelve policemen in November. The military was deployed and between 65 and 200 people were killed. Over 20,000 civilians fled to the forest. Old contradictions between the dominant groups Hausa and Yoruba gained momentum when Hausa considered that the Christian Yoruba from the southwest benefited after the change of power. At least 70 people were killed in fighting in Kano in northern Nigeria in July. In November, clashes in Lagos demanded about 90 casualties.

 
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