Trends of Government Policy on Community Development in Nigeria
Authors:
EZEOKOLI Rita
Publication Type: Journal article
Journal:
ISSN Number:
0
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Abstract
The world economy is going through a tough time and Nigeria is worse hit, because of it’s over dependence on oil and gas resources. Presently Nigeria and the world is faced with the collapse of oil prices since two years ago from $145.00 per barrel for bonny light a year ago to today’s price hovering just above $40.00 per barrel. The Nigerian economy is now in a state of crisis and poverty has reached an endemic stage. Faster depreciation of the naira against the dollars is affecting the economy and adding to the suffering of Nigerian people. Therefore the government should do more to address the issues of employment and poverty in the country.