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Debt and Corruption

There are few issues that have captured the airwaves in Nigeria more than the twin campaigns in favor of debt relief and against corruption. A photograph of Nigeria’s former top cop made the front pages only to be followed the next day by apologies for humiliating the man. The Senate president, the number three man in the government, got kicked out of office for allegedly helping to grease of palms of some Senators, so that a government ministry’s budget could be laced up with bogus figures. The Senate president did not go down alone. He is currently squirming in the dock with the former minister of education and some other senators. Another minister was sacked for underhand dealings in a proposed sale of government houses in the high-brow section of Ikoyi, Lagos . Many of President Obasanjo’s extended family members were scheduled to become owners of these choice quarters built with public funds.

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“Arctic Drilling Is No Energy Answer”

The Senate’s tentative approval of oil drilling in the Arctic National Wildlife Refuge has again focused attention on the nation’s most pressing energy concern: growing U.S. dependence on imported oil. As recently as 1986, the United States relied on foreign oil for less than one-third of its total supply; now we are 56% reliant on imports. With rising dependency, we have become more vulnerable to supply disruptions and entanglement in foreign oil wars, dangers plainly evident in the Middle East today.

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