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A History of Nigeria. Cambridge University Press, 2008. ISBN 978-0-511-39712-7; Muslim Civic Cultures and Conflict Resolution: The Challenge of Democratic Federalism in Nigeria — John N. Paden; Oriji, John N. Political Organization in Nigeria Since the Late Stone Age: A History of the Igbo People. New York: Palgrave Macmillan (St. Martin's ...
Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
The economic history of Nigeria falls into three periods. They are the: pre-colonial, the colonial and the post-colonial or independence periods. [1] The pre-colonial period covers the longest the part of Nigerian history. The colonial period covers a period of 60 years, 1900-1960 while the independence period dates from October 1, 1960.
The estimates can therefore differ from other estimates, like the national poverty rate. Nigeria is the country with the most people living in extreme poverty worldwide since 2019, overtaking much more populous India. [1] The poverty rate in Nigeria remains one of the world's highest and is especially high in the north of the country.
The history of Nigeria can be traced to the earliest inhabitants whose date remains at least 13,000 BC through the early civilizations such as the Nok culture which began around 1500 BC. Numerous ancient African civilizations settled in the region that is known today as Nigeria, such as the Kingdom of Nri , [ 1 ] the Benin Kingdom , [ 2 ] and ...
Nigeria was ranked by the World Bank as among the 20 poorest in the world. [7] To revive the economy, Shonekan resumed talks with the IMF and World Bank and the took the unpopular decision to remove subsidies on petroleum products, thereby raising the price by 700%. The Nigerian Labour Congress went on strike over the price increase.
Nigeria is the most populous country in Africa; a residence for more than 206 million people. [1] Hunger is one of the major issues that affect the citizens. 40% (82 million people) of the citizens live below the International Poverty Line of $1.90 daily, whilst another 25% are vulnerable.
A History of Nigeria. (Longman, Inc., 1983). ISBN 0-582-64331-7; Larymore, Constance. A Resident's wife in Nigeria. (United Kingdom: George Routledge & Sons, Limited, 1908). Mordi, Emmanuel Nwafor. "Nigerian Forces Comforts Fund, 1940–1947: 'The Responsibility of the Nigerian Government to Provide Funds for the Welfare of Its Soldiers'."