Abstract:This study examines the economy of Dutch disease syndrome in Nigeria from 1970 – 1985. The paper argues that the discovery of oil in 1970 opened-up windows of opportunities for the country, as a result of high inflow of petrodollar surpluses. The paradoxical effect is this, after reaching its peak period, the surpluses decline steadily and the revenue it generated when prices were high tends to cause “Dutch Disease”. The result of this study establishes the existence of resource curse in the Nigeria’s economy … Show more
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