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Nigeria's Economy: COVID-19's Devastating Impact
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The COVID-19 pandemic in 2020 had a profound impact on Nigeria’s economy and affected nearly every aspect of daily life. As the virus spread across the world, governments introduced restrictions to limit infections, leading to lockdowns, travel bans, and reduced economic activities. In Nigeria, many businesses were forced to close temporarily, while others operated at reduced capacity. Markets, schools, entertainment centers, and various industries faced disruptions that affected millions of people. One of the biggest economic challenges came from the decline in global demand for crude oil. Since Nigeria depends heavily on oil exports for government revenue and foreign exchange
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