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Nigeria union requests more troops to combat oil theft

Nigeria union requests more troops to combat oil theft

NIGERIA'S oil workers union has asked President Bola Tinubu to deploy more troops, including military chiefs, to combat oil theft and boost output to help Africa's largest economy tackle dollar shortages, an official said. Large-scale oil theft from pipelines and wells has been one of Tinubu's biggest challenges in recent years, damaging government finances and limiting the country's output and exports. Nigeria, Africa's top oil producer, relies on the commodity for more than two-thirds of its earnings and about 90% of foreign exchange income. It has struggled to raise output as theft and sabotage have forced oil majors including Shel…
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Explainer: What to expect from Nigeria’s new president Bola Tinubu

Explainer: What to expect from Nigeria’s new president Bola Tinubu

NIGERIA'S new president Bola Tinubu faces a litany of problems, including widespread violence, double-digit inflation and industrial-scale oil theft. His victory is being challenged in court by his two main rivals in February's election, and analysts say he may need to reach out to opponents to help heal a divided nation. Here is how Tinubu proposes to address problems that many Nigerians believe worsened under his predecessor, Muhammadu Buhari, on whose party ticket he ran. HOW DOES HE PLAN TO FIX THE ECONOMY? Tinubu says he will build on Buhari's public infrastructure programme to create jobs and remove legal limits on government…
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