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The discovery of oil in Nigeria after its independence in 1960 significantly transformed the country's economy, making it one of Africa's largest oil producers. This newfound wealth led to rapid urbanization, infrastructure development, and an influx of foreign investment. However, it also resulted in economic disparities, environmental degradation, and intensified political corruption and conflict, particularly in the Niger Delta region, where oil extraction occurs. Consequently, while oil brought economic opportunities, it also posed significant social and environmental challenges for Nigeria.

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2w ago

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