Democratic Republic Of Nyo: Difference between revisions
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{{Retcon}}{{Infobox country
|native_name = Republic Of Nyo
|conventional_long_name = The Democratic Republic Of Nyo
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== Economy ==
The economy is a mixture of village agriculture and handicrafts, an industrial sector based largely on petroleum, support services, and a government characterized by budget problems and over staffing. Petroleum extraction has supplanted forestry as the mainstay of the economy. In 2019, oil sector accounted for 75% of the GDP, 88% of government revenue, and 94% of exports. The country also has large untapped mineral wealth.
In the early 1990, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 7% annually, one of the highest rates in Gondwana. The government has mortgaged a substantial portion of its petroleum earnings, contributing to a shortage of revenues.
Economic reform efforts continued with the support of international organizations, notably the [[World Trade Organization]] and the Norgsveldet Aid. The reform program came to a halt in 2000 when civil war erupted. When Ogwang Adongo returned to power at the end of the war, he publicly expressed interest in moving forward on economic reforms and privatization and in renewing cooperation with international financial institutions. However, economic progress was badly hurt by slumping oil prices and the resumption of armed conflict, which worsened the republic's budget deficit.
The current administration presides over an uneasy internal peace and faces difficult economic problems of stimulating recovery and reducing poverty, despite record-high oil prices since 2007. Natural gas and diamonds are also recent major Nyobian exports. The DRN also has large untapped base metal, gold, iron and phosphate deposits.
== Education ==
Public education is theoretically free and mandatory for under-16-year-olds but, in practice, expenses exist. Education between ages six and sixteen is compulsory. Pupils who complete six years of primary school and seven years of secondary school obtain a baccalaureate.
The country has universities. At university, students can obtain a bachelor's degree in three years and a master's after five. Ujana Nyobian University—which offers courses in medicine, law, and other fields—is the country's only public university.
Instruction at all levels is in Norgsveltian, and the educational system as a whole models the Norgsveltian system.
[[Category:Nations]] [[Category:Gondwana]]
[[Category:Retconned]]
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