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Yar'Adua asks tycoons to fund small business

By William Wallis and Matthew Green in Lagos

Published: July 11 2007 03:00 | Last updated: July 11 2007 03:00

Umaru Yar'Adua, Nigeria's president, says he has asked the five business moguls who benefited most under his predecessor's rule to contribute some of their wealth to a fund aimed at stimulating small enterprises.

In doing so, he may be seeking to draw a line between his administration and that of the former head of state Olusegun Obasanjo, who many Nigerians believe is still pulling the strings from behind the scenes.

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