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The Nigeria Deregulated Economy and the Iran-US Crisis: What Outcome for a Developing Country?

Background: The escalation of hostilities between the United States, Israel, and Iran in late February 2026 triggered significant volatility in global energy markets, with particular implications for oil-importing and oil-exporting developing nations. This study employs quantitative scenario modeling to assess the potential macroeconomic outcomes for Nigeria's deregulated economy under varying oil price trajectories resulting from the Iran-US crisis. Methods: A quantitative scenario analysis framework was developed incorporating three primary transmission channels: energy price volatility, fin…

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