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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.
This is an alphabetical list of countries by past and projected gross domestic product per capita, based on official exchange rates, not on the purchasing power parity (PPP) methodology.
This is an alphabetical list of countries by past and projected Gross Domestic Product per capita, based on the Purchasing Power Parity (PPP) methodology, not on official exchange rates.
29 December – The International Monetary Fund estimates the GDP of Nigeria at US$442.976 billion, making it the largest in Africa and the 26th largest in the world. [59] 31 December – Traditional Christian "crossover" end-of-year celebrations are subdued as churches are held to 50% capacity.
There was a severe drop in international demand and oil prices by 2020, resulting in exports decline of more than US$26 billion. [ 6 ] In June 2022, under the leadership of IMF's Mission Chief in Nigeria, Jesmin Rahman, convened several meetings assessing the present condition of the Nigerian economy following COVID-19, the 2020 RFI loan, and ...
July 1960 - Adesoji Aderemi became 1st African to be appointed governor in the Commonwealth; October 1, 1960 - Nigerian Independence Day; October 1, 1960 - Tafawa Balewa became prime minister; October 1, 1960 - Sir James Robertson (1899 - 1983) became governor-general. November 16, 1960 - Nnamdi Azikiwe (1904–1996) became governor general
This also made Nigeria the last country in the world to abandon the £sd currency system in favour of a decimal currency system. There was a government plan to redenominate the naira at 100:1 in 2008, but the plan was suspended. The currency sign is U+20A6 ₦ NAIRA SIGN. The name "Naira" was coined from the word "Nigeria" by Obafemi Awolowo.
Nigeria and her important dates, 1900-1966. 1966. Day to day events in Nigeria : a diary of important happenings in Nigeria from 1960-1970. 1982. Twenty-one years of independence : a calendar of major political and economic events in Nigeria, 1960-1981. 1982. Institut für Afrika-Kunde; Rolf Hofmeier, eds. (1990). "Nigeria".