1973Event
Oil-price shock expands federal revenues
The global oil-price shock increased the value of Nigerian crude exports.
Hall of FameMilitary I
1973
Oil-price shock expands federal revenues
The global oil-price shock increased the value of Nigerian crude exports.
1000reasons.voteEditorial timeline entry
What happened
The global oil-price shock increased the value of Nigerian crude exports. Federal spending and import capacity rose sharply during the oil boom.
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