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The Impact of Oil Price Shocks on Nigeria's Economy: Policy Implications and Responses

Author :  N / A

Product Details

Country
Nigeria
Publisher
Penthouse Publications (Nig.), Nigeria
ISBN 9789785954388
Format PaperBack
Language English
Year of Publication 2025
Bib. Info 96p.
Categories Economics/Development Studies
Product Weight 150 gms.
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Product Description

Nigeria's economic fate is inextricably linked to the volatile tides of the global oil market. " The Impact of Oil Price Shocks on Nigeria’s Economy: Policy Implications and Responses " offers a critical and in-depth examination of this dynamic, serving as an essential resource for understanding how oil price shocks create ripple effects across the entire macroeconomic landscape. The book meticulously documents how periods of high oil prices can lead to trade surpluses and currency appreciation, while sudden crashes trigger recession, inflation, and severe cuts in public spending, thereby affecting the well-being of millions.

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