Nigeria's Economy: Checkpoint 1

Quick checkpoint - five questions on Nigeria's oil, Dutch disease, military rule, the 2023 reforms and the Niger Delta.

Quick checkpoint - five questions on Nigeria’s oil, Dutch disease, military rule, the 2023 reforms and the Niger Delta.

Question 1 of 5 When was oil discovered in Nigeria?

1956 1999 2010 1901

It was found in the Niger Delta.

Question 2 of 5 What is Dutch disease?

A resource boom hurting other export sectors A plant disease A banking crisis Low inflation

Nigeria's farm exports collapsed after the oil boom.

Question 3 of 5 When did civilian rule return to Nigeria?

1999 1960 1970 2023

The military ruled most of 1966-99.

Question 4 of 5 What did Tinubu do in 2023?

Removed fuel subsidies and floated the naira Banned oil exports Adopted the dollar Raised subsidies

Petrol prices roughly tripled.

Question 5 of 5 What has the Niger Delta suffered from?

Oil pollution and conflict Too much investment No oil Low population

Ogoniland clean-up could take decades.

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