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Bullion

Keywords

Fiscal outlook, Exchange control measure, Petroleum export, Private sector investment, Income policy, Economic outlook

Abstract

The immediate post-war era brought into the Nigerian economy some of the most significant structural transformations ever imagined. From a position of dominant dependence on agriculture, the Nigerian economy swang over to that of dominant dependence on crude petroleum production for foreign exchange earnings, for government revenues and as the main source of incomes for investment, trade and general economic development. The article therefore reviews the post war policies covering 1973 to 1977. The paper further discusses Nigeria's economic outlook while focusing on fiscal outlook, exchange control measures, petroleum export, private sector investment, income policy, monetary and fiscal policy measures.

Author Bio

Dr. Ekong B. U. is a Chief Economist at the Central Bank of Nigeria.

Publication Title

CBN Bullion

Issue

3

Volume

3

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