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Nigeria: Buhari win sets stage for slow growth

Nigeria’s President Muhammadu Buhari’s clear win in last weekend’s election will almost certainly result in the continuation of his interventionist economic policies, which are widely seen to have slowed growth and depressed foreign investment. President Buhari will probably retain the current multiple exchange rate system, oppose investor-friendly reforms in the oil and fuel sectors, and re-appoint the controversial central bank governor when his term ends in June.

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