Nigeria Current Affairs From 1960 Till Date Online

However, this wealth bred corruption, mismanagement, and a culture of "get rich quick." Large-scale infrastructure projects (like the Third Mainland Bridge and the National Stadium) were built, but so were countless ghost projects embezzled by civil servants and politicians. The Nigerian National Petroleum Corporation (NNPC) was established, but it quickly became a byword for opacity.

The 1970s marked a radical shift. The discovery of crude oil in commercial quantities turned Nigeria into a petro-state. The oil price spike of 1973–1974 brought unprecedented revenue. Nigeria became a leader in OPEC and a regional hegemon. nigeria current affairs from 1960 till date

Tinubu’s administration has been the most radical since 1999. On his first day, he announced ending a 40-year fuel subsidy regime that cost billions of dollars annually. He also unified the multiple exchange rates, leading to a massive devaluation of the Naira. Consequently, inflation soared to over 30%, the highest in three decades, and the cost of living crisis has triggered widespread protests. On the security front, Tinubu launched the "Nigeria Student Loan Act" and began restructuring the security architecture, but banditry and secessionist agitation in the South-East (by the Indigenous People of Biafra – IPOB) remain critical challenges. However, this wealth bred corruption, mismanagement, and a

This era shapes Nigerian current affairs most profoundly. General Ibrahim Babangida’s “structural adjustment program” (SAP, 1986) caused hyperinflation, devaluation, and mass poverty. The annulment of the (widely won by Moshood Abiola) triggered a crisis. General Sani Abacha’s subsequent brutal dictatorship (1993–1998) executed Ken Saro-Wiwa and nine other Ogoni activists, sparking international sanctions. The discovery of crude oil in commercial quantities