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Economic liberalization: Nigeria’s shift from price control to economic liberalization impacted the country economy -By Najib Idris Sani

Discuss the impact of economic liberalization on Nigeria’s economy, including increased foreign investment, improved competitiveness, and the development of new industries.

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Najib Idris Sani

Nigeria has undergone significant economic liberalization in recent years, shifting away from a state-controlled economy to one that is more open to market forces. This has had a major impact on the country’s economy, including increased foreign investment and growth in certain sectors.

Explain the history of Nigeria’s economy, including the period of state-led economic planning and the shift to liberalization that began in the 1990s.

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Discuss the impact of economic liberalization on Nigeria’s economy, including increased foreign investment, improved competitiveness, and the development of new industries.

Despite the positive impact of economic liberalization, there have been some challenges, such as increased income inequality, limited progress in diversifying the economy away from oil, and persistent corruption.

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Look at other countries that have undergone similar economic transitions, such as South Korea or India, and analyze the lessons that Nigeria can learn from their experiences.

Najib Idris Sani
najibidris158@gmail.com

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Jeff Okoroafor is a leading member of a new generation of civic advocates for government accountability and democratic change in Nigeria. The Citizen Affairs Initiative is a citizen-driven governance initiative that enhances public awareness on critical issues of service quality in Nigeria. It encourages citizens to proactively seek higher standards from governments and service providers and further establishes new discussions in communities about the standards that citizens should expect and deserve from those they have given their mandates. Jeff is the Managing Director of SetFron Limited, a multimedia development company that is focused on creative and results-driven web, mobile app, and ERP software solutions. He is the co-founder of the African Youths Advancement and Support Initiative (AfriYasi), a non-governmental not-for-profit organisation that provides tertiary education scholarship for young people from low-income homes in Nigeria. He is a Fellow of the Young African Leaders Initiative and the United Nations World Summit Awards. A Strategic Team member of the Bring Back Our Girls movement, and a member of the National Technical Committee on the Establishment and Management of Missing Persons Database in Nigeria. Jeff holds a Bachelor and Postgraduate diploma degrees in Computer Science, and a Certificate in Public Administration from Ghana Institute of Management and Public Administration, GIMPA.

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