Petroleum and structural change in a developing society: the case of Nigeria
This study of Nigeria provides a multidimensional analysis of development. The Nigerian development experience is considered as the interrelation of: (a) economic development paradigm which guided development thinking; (b) the national planning model and apparatus employed; (c) the ideology of nationalism; and (d) the internal and external factors in Nigeria's environment that combined to influence its development strategies. As a society, Nigeria has undergone profound changes over the period of the last 25 years. It was transformed from a primarily agricultural society to an industrializing one. A key source of this change has been the emergence of the petroleum economy. Nigeria's GDP grew an extraordinary 81% per annum on average between 1960 and 1980. Yet, the aggregate performance of the petroleum economy was far better, adding to Nigerian economic wealth at an average rate of 7400% per annum. Judged on these terms, Nigeria's overall economic performance from independence to 1980 was spectacular; the performance of its petroleum economy astounding. Despite this performance, the structure of Nigeria's political economy is nearly the same as it was at independence. It remains one in which economic life depends critically upon world-market conditions and the level of trade with developed economies.
- Research Organization:
- Delaware Univ., Newark (USA)
- OSTI ID:
- 6468751
- Resource Relation:
- Other Information: Thesis (Ph. D.)
- Country of Publication:
- United States
- Language:
- English
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