Economic effects of the Nigerian civil war

Those terrible times are over though war outcomes still echo in the present. Nigerian civil war effects are still present in the life of all citizens. The leading locomotive that keeps the country going was severely affected. No doubt, the Nigerian economy felt the heavy toll of the civil war..

Nigerian-Biafran civil war

Nigeria civil war wreaked havoc on the country

The dream of the people in Igbo land failed to come true. Their aspiration to secede from Nigeria boiled over into the Civil War of 1967 – 1970 and ended with defeat. The government exhausted all kinds of resources to end the uprising. The civil war in Nigeria took a heavy toll on every aspect of living. Moreover, the war brought about a staggering number of deaths and disabled people.

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The economic effects of the Nigerian Civil War

Before analyzing the issue, the readers should understand the following. There are two kinds of aftermaths: direct ones (those which slow down the economy right away) and indirect ones (they are still “alive” and keep worsening the economic situation).

So, the former category:

  • The majority of industrial plants stopped functioning
  • unemployment
  • People suffered from starvation
  • Educational establishments were closed
  • The level of crimes hugely went up
  • Constant marauding ravaged entrepreneurs
  • Prices immensely increased
  • Millions of children became orphans
People were leaving the country

The effects of the Nigerian Civil War of the latter category are:

  • GDP and trade was smashed by the direct aftermaths
  • Large streams of refugees left Nigeria
  • The health condition of the nation worsened
  • Dissatisfaction with life prompted riots and criminal activities
  • Lawlessness became a norm of life

To sum it up, the economy of Nigeria was greatly affected by the war. The life in the country was unbearable. The sad thing was, the government couldn’t immediately change the situation for the better. It will take decades to stabilize GDP, trade, and law. When it is achieved, people will experience positive changes and will have life without poverty.

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Source: Naija.ng