Nigerian Politics - Government Intervention and the Nigerian Economy: Present, Past and Future

The global financial meltdown over the last two years has had its predictable share of consequences on the Nigerian economy, but nothing has been more unexpected than the impact on the banking sector. When CEOs of the country's top banks collectively appealed last year for government intervention to mitigate recessionary effects on the Nigerian financial environment, it was a moment of national shock. Up until then, the Nigerian Central Bank had been enthusiastically assuring of the sound health of this sector. While none of the country's 25 major banks have officially asked for help, there are apprehensions that Nigeria might be tempted to take the bailout cue from the US and end

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