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Planning for Growth and Structural Transformation

THE Nigerian growth story has been a rather topsy-turvy one. During the early years of independence, growth was moderately positive, averaging over five percent annually. The lowest rates were during the crisis years 1966-70 when growth went as low as -17 percent. The country emerged after the civil war with impressive growth results, reaching a peak of almost 30 percent in 1970.  From the 1980s to the 1990s – the dark years of military tyranny – growth was a moderate annual average of 3.5 percent, undulating between negative and positive figures during that decade.
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