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Nigerian economy: business, governance and investment in period of crisis

Author

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  • Ibrahim Abdullahi, Shafiu

Abstract

Nigerian economy is very sensitive to happenings in the global crude oil market due to Nigeria dependence on the black gold. The recession Nigeria found herself in 2016 was mainly caused by the fall in the international price of crude oil. It is the same factor that also help to explain Buhari government massive borrowings to help close the gap in government budget since coming to power in 2015. In the years since independence, Nigerian economy has changed from its largely agrarian state of 1960s to an import depended mono-economy. Nigeria single most important export for more than forty years has remain crude oil. But, in the period since independence various economic models have been tested, as many as there were changes in governments. While the adaptation of some of these economic programs were domestically inspired, others were forced on Nigeria from the outside. The book provides a comprehensive account of Nigerian economy, taking into consideration the changes that have taken place in the last one decade.

Suggested Citation

  • Ibrahim Abdullahi, Shafiu, 2018. "Nigerian economy: business, governance and investment in period of crisis," MPRA Paper 91074, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:91074
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    File URL: https://mpra.ub.uni-muenchen.de/91074/1/MPRA_paper_91074.pdf
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    More about this item

    Keywords

    Nigeria; Economy; Business; Investment; Politics; regional security; Boko Haram; Media; Gender; Islamic finance; Global trade;

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • A2 - General Economics and Teaching - - Economic Education and Teaching of Economics
    • F1 - International Economics - - Trade
    • F6 - International Economics - - Economic Impacts of Globalization
    • G0 - Financial Economics - - General
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • M2 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics
    • M3 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O3 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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