1973Event
Oil boom expands federal ambition
The global oil price shock increased Nigerian revenues and expanded state-led projects, imports, and patronage.
Hall of FameMilitary I
1973
Oil boom expands federal ambition
The global oil price shock increased Nigerian revenues and expanded state-led projects, imports, and patronage.
1000reasons.voteEditorial timeline entry
What happened
The global oil price shock increased Nigerian revenues and expanded state-led projects, imports, and patronage. The boom matters because it helped entrench oil dependence and a federal revenue-sharing politics still visible today. Source to strengthen: World Bank/CBN historical data needed.
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