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Nigeria's Fourth Republic: Economic Reforms and Political Transformation

The Fourth Republic in Nigeria (1999-present) marked a shift from military rule to democracy, focusing on economic reform and rebuilding the oil sector. Under leaders like Obasanjo, Yar'Adua, and Jonathan, the regime lobbied for debt forgiveness, raised minimum wage, and promoted individual freedom and anti-corruption campaigns. Political ideology emphasized truth and reconciliation, while civil society groups thrived amid challenges of political turmoil and social strife. Through national conferences and consensus-building, politics stabilized, reducing military influence and enhancing the economy's role.

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Nigeria's Fourth Republic: Economic Reforms and Political Transformation

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  1. The Fourth Republic(1999~present) Cindy Lee Yu Jin Yang

  2. Regime • Consecutive military rule Democratic Rule • Federal Republic

  3. Economy • Mixed Economy • New management for the oil sector • Rebuilding of a petroleum-based economy • Lobbied foreign governments to forgive Nigeria's massive debts • Minimum wage was raised

  4. Leaders • Obasanjo • Umaru Musa Yar'Adua • Goodluck Jonathan

  5. Political Ideology • “Truth and Reconciliation" commission • Civil society groups thrived • Anticorruption campaign • PDP --> dominance • Political turmoil and social conflict increased • National Political reform conference • Individual freedom and personal rights • Consensus > Coericion

  6. Change • Politics stabilized and military influence decreased while economy became increasingly influential

  7. Bibligraphy • http://jeteraps.scholarlinkresearch.com/articles/The%20Political%20Economy%20of%20Oil%20Deregulation.pdf • http://articlesng.com/capitalism-nigerian-concept/ • Textbook

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