Oil- Dependent Nigeria Economy Despite its abundant natural resources, Nigeria grapples with economic stagnation, primarily due to its heavy reliance on oil revenues. The oil sector centred around the extraction and global exportation of petroleum, accounts for about 90% of the country’s earnings and 70% of government revenue. To fuel its economy adequately, Nigeria needs […]
Why Oil-Rich Nigeria Can Still Not Fuel Its Economy Read More »
The global landscape of economies is as diverse as the cultures and people that inhabit it. Over the past half-century, one prominent approach has been to centre economic development around the export of crude oil in Nigeria. In this comprehensive exploration, we will delve into Nigeria’s oil-driven economies, and how it has, in many instances,
The Oil Economy and Poverty in Nigeria Read More »
The Nigerian Crisis: A Governance Impasse Nigeria stands out as a country on the verge of advancement. A country endowed with abundant natural resources, a large, vibrant population, and enormous potential, yet its development remains staunchly stalled. This is why Professor Banji Oyelaran-Oyeyinka in his book, Rich Country Poor People address the core issues that
Corruption in Nigeria: How the Elites Fuels Corruption Crisis Read More »
