Is Nigeria on track to realise its rich potential?

摘要

Fixing its banks and power shortages would go a long way towards setting Nigeria on a sustainable growth path. The government has recently taken two steps in the right direction.rnLast month, president Goodluck Jonathan approved the creation of a 'bad bank' to allow the country's troubled banks to unload their non-performing assets. The need for an asset management company to perform this role has been on the cards ever since Nigeria's central bank governor, Lam-rnido Sanusi, moved on the sector last year, bailing out nine banks and changing the management at eight of them.