Nigeria misses chance to transform lives – and must pay $9bn damages

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Nigeria misses chance to transform lives – and must pay $9bn damages
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UK court ruling over aborted project means country will have to pay one-fifth of its foreign reserves to gas supply company

Nigeria’s government stands accused of letting down its 201 million residents by failing to complete a gas supply and production agreement that would have transformed their lives. Instead, the country will now have to pay $9bn in penalties or risk having its assets seized.

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