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October 25, 2012

African Countries Must Hope They Have No Oil

David Blair, Telegraph Blogs

AP Photo

Almost four decades ago, oil was dubbed the “devil’s excrement” by Juan Pablo Pérez Alfonso, a Venezuelan minister who was among the founders of Opec. Anyone inclined to question the wisdom of his judgment should look at the latest figures on theft and corruption in Nigeria.

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TAGGED: Nigeria, oil, Africa

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