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Nigeria Does Not Have a Phillips Curve Problem. It Has a Structural Problem. Why does inflation keep rising in Nigeria even when unemployment is high? Why does the traditional inflation–unemployment trade-off fail in developing economies? In this masterclass, Eustace Chigozie Osuagwu — Development-Focused Economist and Teach For Nigeria Fellow, 9th Cohort (2025) — delivers a deep structural analysis of Nigeria’s economic evolution from 1960 to 2026. This video covers: ✔ The origin and logic of the Phillips Curve ✔ Why stagflation broke the traditional trade-off ✔ Nigeria’s agricultural economic foundation (1960s) ✔ The oil boom and structural transformation ✔ The 1986 Structural Adjustment Program (SAP) ✔ Structural causes of persistent inflation and unemployment ✔ The economic effects of recent subsidy and exchange rate reforms This is economics beyond textbooks. This is structural macroeconomic reality. If you care about Nigeria’s development, policy direction, and economic future, this conversation matters. Subscribe to DPENOMICS ACADEMY for serious economic analysis. #NigeriaEconomy #PhillipsCurve #Inflation #Unemployment #Macroeconomics #DevelopmentEconomics #EconomicPolicy #StructuralReform #SAP1986 #TeachForNigeria #AfricaEconomy #EconomicAnalysis #PublicPolicy #DPENOMICSACADEMY