0
Why did a drop in oil prices cause economic troubles in Nigeria in the 1980s?
Wiki User
∙ 12y ago
Nigeria began to experience economic troubles during the 1980s. As a result of falling world oil prices, Nigeria's income dropped. At the same time, many people left their farms in search of better-paying jobs in the cities. In addition, a few years of low rainfall meant smaller harvests, so food production fell. Nigeria-which had once exported food-had to import food to feed its people.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Why did oil prices cause economic troubles in nigeria on the 1980s?
Because of things that were going on with the country like the government things.
What were the gasoline prices from the 1980s in the United States of America?
they were u
What was a major goal for china in the 1980s?
accelerate economic growth
What were the crude oil prices in the 1980s?
Here are the average per-barrel prices for crude oil in the 1980s:1980: $21.591981: $31.771982: $28.521983: $26.191984: $25.881985: $24.091986: $12.511987: $15.401988: $12.581989: $15.86
Why did OPEC not raise prices during the 1980s and what is OPEC attempting to accomplish now?
To help stablize oil prices.
The 1980s MOST displayed which economic trend?
deregulation of major industries
How did the DeBeers' Central Selling Organization deal with the economic downturn of the late 1980s?
The worldwide downturn depressed prices on many gems along with gold and silver, but the DeBeers' Central Selling Organization restricted the supply of diamonds along with sapphires, emeralds, and rubies to keep prices up.
Is Chrislam growing in the US?
It is not so popular religion. Its followers are around 1500 and mainly in Nigeria were it was founded in the 1980s..
What is the Chrislam religion?
It is a blend of Islam and Christianity and emerged in the 1980s. This religion is mostly popular in Lagos, Nigeria where it was founded.
Describe the social economic and political composition of the decade of corporate greed and how it affected the political climate of the 1980s?
Describe the social, economic, and political composition of the decade of corporate greed and how it affected the political climate of the 1980s.
Did japan experience outstanding economic growth in the 1970s through the 1980s?
Yes
To avoid economic collapse in the early 1980s Mexico had to .?
make painful reforms
