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THE GLOBAL ECONOMIC CRISIS: IMPLICATIONS IN NIGERIA

ABSTRACT

The global economic crisis which the whole world has been witnessing in the past few years now has taken a toll on Nigeria and Nigerians. This paper examined the implications of the global crisis on Nigeria and suggests few steps to be taken to ameliorate the effects on the citizens. It also studied the steps the Federal government has taken so far to reduce the impact on the economy and the society at large most importantly, the paper highlighted the need for Nigeria to diversify its economy and look more inward into other solid minerals deposits development and agriculture so as to remove herself from the over dependence on oil.

Keywords: Global economy, crisis, Nigeria