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Why did Nigeria's economy nearly fall apart during the 1980s? Group of answer choices Nigeria's government acquired about 30 billion dollars of debt during the
Why did Nigeria's economy nearly fall apart during the 1980s? Group of answer choices Nigeria's government acquired about 30 billion dollars of debt during the 1970s and found it impossible to make regular payments on these debts during the 1980s. Regional instability in Nigeria's mineral-rich northern region began tearing the country apart in the early 1980s. The government strained its finances by ramping up armed troop movement over that decade in order to prevent a civil war. Nearly 90% of Nigeria's educated workforce left the country during the 1980s, thereby slashing tax revenue and straining the ability of Nigeria's government to maintain basic services. Multi-national corporations were granted lucrative mining contracts that proved too generous when compared to the amount of revenue the diamond mines were producing. During the 1980s multi-million dollar diamond mining projects were started in the northern part of the country. Most of these projects proved non-productive, corrupt, or too under-funded to meet their financial obligations
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