Nigeria is at a crossroads. Africa’s most populous and largest economy must decide: does it want to be a modern democracy and a free market, anchored by the rule of law and institutions in which every man and woman can perform to the best of their ability? Or does it want to remain a Third World basket case in which the worst forms of behaviour thrive, to the detriment of future generations?

If Nigeria chooses to be the old Africa, where investors need brown envelopes stuffed with cash just to clear their path out of the Murtala Muhammed airport in order to do business, it is doing a great job if its treatment of the MTN Group* is anything to go by.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now