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 »
In many developing nations like Nigeria, there is always a correlation between inequality and slow economic growth. Economic and gender inequalities have reached alarming levels, evident in the daily struggles faced by the majority of Nigerians. The disadvantages brought about by these inequalities have rendered a significant segment of the population unable to contribute meaningfully
How Inequality Hinders Inclusive Development in Nigeria and the Way Out Read More »
