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CLEAN : Nigeria to get power boost with African development bank money
Interactive Video
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Business, Social Studies, Science
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9th - 10th Grade
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Hard
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The video discusses Nigeria's economy, highlighting its diversification with oil contributing only 10% to GDP but 98% to foreign exchange. Challenges include low productivity and revenue in the non-oil sectors, and structural issues like power shortages. The video emphasizes the need for power development, with plans to invest $363 million in the power sector to generate 1400 megawatts of electricity in 2017.
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