The Nigerian Extractive Economy and Development

Author: , and
Key words: , , , , ,
Issue: Volume 8, Issue 2, 2014

Abstract


Nigeria is a resource-rich country and has become extraordinarily dependent on the oil sector, which accounts for over 90 per cent of exports and government revenues, and contributes up to one third of the GDP (Gross Domestic Product). Evidences have shown that Nigeria’s resource wealth has not translated into meaningful development. For example, while other countries realised positive outcomes from mineral-based developments, Nigeria’s poor state of development is assumed to be a product of the pathologies that are collectively known as the ‘resource curse’. This paper examines various literatures about the resource curse thesis by focusing on the experience of Nigeria, Africa’s largest oil and gas producer and exporting country. The result shows that corruption, government complacency, the Dutch disease, lack of public accountability, neglect of education and excessive external debt/borrowing overhang are all hampering the development goals of the country. Whilst the measurements that support this conclusion were made at the national level, this paper opined and called for the Nigerian resource curse measurements to be looked at from the local scale (communities), where the resource economy hits the ground.

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Authors Affiliations


Murtala Chindo *(a), Ali I. Naibbi (b), Abubakar Abdullahi (c)
(a) IBB University Lapai
(b) University of Portsmouth
(c) Federal University, Kashere
* Corresponding author. Email: murtalachindo@gmail.com

References


REFERENCES HERE

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About journal

Title: Human Geographies - Journal of Studies and Research in Human Geography
ISSN online: 2067-2284
ISSN print: 1843-6587
Imprint: University of Bucharest
Frequency: Biannual (May&November)
First volume: 1/2007
Current volume: 14/2020
Language: English
Indexed in: SCOPUS, ERIH PLUS, EBSCO (SocINDEX), ProQuest (Social Science Journals, SciTech Journals, Natural Science Journals), Index Copernicus, National Technical Information Service (NTiS), Bodleian Libraries, ExLibris SFX, DOAJ, Gottfried Wilhelm Leibniz Library, Google Scholar, Ulrich
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EDITORS


Prof. dr. Liliana Dumitrache
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

Dr. Daniela Dumbrăveanu
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

Dr. Mariana Nae
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

Dr. Gabriel Simion
University of Bucharest, Faculty of Geography- Human and Economic Geography Department, 1 Nicolae Balcescu Av., 010041, Bucharest, Romania

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