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On the Hill: Moss Says Nigeria Should Try Cash Transfers (and U.S. Should Support Multilateral Development Banks)

This is a joint post with Kaci Farrell.

During a House Financial Services subcommittee hearing on the global financial crisis and Nigeria’s financial reforms, CGD vice president for programs and senior fellow Todd Moss said Nigeria’s economic and political stability are inextricably linked to each other and to U.S. national interests. He urged members to support the African Development Bank and the World Bank and proposed a new idea: Nigeria should consider using oil revenues to finance cash transfers to citizens in the Niger Delta.