The COVID-19 pandemic has created severe economic consequences for all countries around the world. Nigeria has also been very badly hit. The lockdowns have frozen economic activities, causing massive job losses and supply chain disruptions. It has also depressed the demand for crude oil and precipitated an unprecedented oil price crash. Nigeria’s dependence on oil for revenue and foreign exchange makes it particularly vulnerable in this situation.
Bouncing Back: Nigerian Economic Sustainability Plan
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Summary
Source: Ministry of Budget and National Planning
Published: 2020
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