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President muhammadu buhari, on tuesday, blamed nigeria’s current economic situation on over dependency on oil speaking shortly after the commissioning of. Economic challenges facing nigeria essay 2012, nigeria gdp growth rate averaged 68% , reaching an all-time high in 2011 at 8% and lowest in 2005 at 54. Socio-economic problems in nigeria: causes and what are the socio-economic problems facing nigeria that what must nigeria do to address these challenges.
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