Author:
Wu Jialun,Li Wenda,Li Ziang
Abstract
In recent years, the coming of COVID-19 has put numerous countries, like Nigeria, in financial crisis. In this paper, six indicators including GDP, Foreign Direct Investment, GNI, Inflation, Unemployment Rate and Economic growth are used to study the Economic changes and influencing factors in Nigeria in the past 20 years with the technology of information. By studying the changes of fiscal policies, monetary policies and exchange rate policies in the past decade, the adverse consequences and shortcomings of these policies are summarized. By analyzing the financial of Nigerian government in the past 20 years, it is stated that GDP is related to international oil prices, but per capita GDP is not high. In addition, the destruction of oil industry has led to higher unemployment.
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