Strategies in improving the policy and access to technology education in secondary schools in nigeria. The petroleum and power sector the nigerian national petroleum corporation has been involved in joint venture projects with foreign multinational corporations. The political, economic and social dynamics of nigeria africa portal. Mozambique and nigeria, seem to be on the mend, the democratic republic. The political economy of development in weak states emerald insight. Pdf as a result, this affects the political economy of nigeria, as domestic dynamics. African political economy and the quest for free market longdom. Definitions and characteristics central characteristics which mutually constitute a political economy approach. The economic context of nigeria economic and political. Freidman 1962 clearly stating that democratic rights enforced in a free. To ensure future economic stability in nigeria, government should engage the services of the proper economic team that can rescue the nation out of the present economic situation and put the national interest first before political interest.
Learn more about the nigeria economy, including the population of nigeria, gdp, facts, trade, business, inflation and other data and analysis on its economy from the index of economic. Thus an examination of the socioeconomic and political development processes in nigeria provides a useful background for the analysis of the nigerian economic crisis. Lumanyano ngcayisa at university of the free state. Court on the eve of its ruling on whether the 2003 presidential election was free and fair. Nigerian government is merely lending the money to the international economy, whilst such monies could indeed be plunged into social service delivery. Apart from the introductory aspect of the paper, the paper is pigeon hole in four compartments. International journal of politics, culture, and society, 10 2, 229247. Pdf a political economy of nigerias capitalist system. The fiscal authorities should also come up with concrete policies that could reassure economic actors that the nigerian poltical economy is in the hands. This country is a great example of a postcolonial developing nation and its developmental history contains very important lessons about the political and economic retardation of the developing world. While politics and the process of politicking do not necessarily. The political economy of nigeria and the continuing agenda of recolonizaton. In the north, appeals to islamic legitimacy upheld the rule of the emirs, so that nationalist sentiments there were decidedly antiwestern. Political economy of nigeria request pdf researchgate.
Library of congress federal research division country profile. The political economy of a country is pivotal to its economic dynamics as well as its social system. Nigerias political economy has actually been driven by this. Nigeria is the worlds 8th oil exporter, and its oil reserves are estimated at about 35 billion barrels.
For an analysis of the political economy of economic reforms in nigeria see utomi et al. Political economy of the petroleum sector in nigeria. The demand for freestanding, politicaleconomy assessments by country. The relatively slow pace of nigerias development has often been attributed to the phenomenon of the resource curse whereby the nature of the state as a rentier dilutes accountability for development and political actors are able to manipulate institutions to sustain poor governance. Its focus is on the political economy of the development of. This, some quarters claimed, was intended to undermine the supreme. The muslim north the people of bornu in the northeastern corner of nigeria seem to have been in the first wave of the movement from the northern. Political economy analysis selected readings 1 conceptual.
Practical implications nigeria needs to restructure her social and political institutions. The nigerian economy is dominated by crude oil, which accounts for about 10% of the countrys gdp, 70% of government revenue and more than 83% of the countrys total export earnings, according to opec. Case study the african nation of nigeria has long been a case of interest for the study of political and economic development. The political economy of development in nigeria iosr journal. Thus, in the quest to understand the economic predicates of nigeria s current security challenges, this paper provides a general description of nigeria s political economy and its tendency to. Economic freedom and economic development have been battered by nigerias chronic and severe political instability, intervention in the economy by the.
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