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The Nigerian Extractive Economy and Development

Datos Bibliográficos

ID12948503
AutoresMurtala Chindo (Ibrahim Badamasi Babangida University, autor de correspondencia), Ali Ibrahim Naibbi (0000-0002-7894-6969, University of Portsmouth), Abubakar Abdullahi (Federal University Kashere)
Año2014
Volumen8
Número2
Páginas71-87
Fecha de publicación2014-11-30
Peer ReviewedSí
Open AccessSí
TipoARTICLE
RevistaHUMAN GEOGRAPHIES – Journal of Studies and Research in Human Geography (JOURNAL)
Identificadores de la revistaISSN: 1843-6587 • E-ISSN: 2067-2284
EditorialUniversity of Bucharest (Bucharest University Press) (PUBLISHER)
DOI10.5719/hgeo.2014.82.72
OpenAlexW2144840502
IdiomaEN
Citas recibidas1
Referencias citadas13

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

Accountability · Business · Curse · Development economics · Dutch disease · Economic growth · Economics · Economy · Government (linguistics · Government revenue · Gross domestic product · Language change · Natural resource · Political science · Product (mathematics · Resource (disambiguation · Resource curse · Revenue · Mining and Resource Management · Natural Resources and Economic Development · Oil, Gas, and Environmental Issues · Finance

  • Obstacles to effective participation of civil society organizations in Nigerian extractive industry transparency initiative

    Uju Obuka, Uju Beatrice Obuka et al.•Africa Review•2021

  • Natural Resources and Violent Conflict

    Ian Bannon, Paul Collier•Natural resources and violent…•2003

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    Jeff Sachs, Jeffrey Sachs et al.•National Bureau of Economic…•1995

  • The political economy of resource-driven growth

    Open Access•Richard M Auty•European Economic Review•2001

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    Open Access•Graham A Davis, John E Tilton•Natural Resources Forum•2005

  • The resource curse revisited and revised

    Open Access•Christa N Brunnschweiler, Erwin Bulte et al.•Journal of Environmental…•2008

  • Resource control, revenue allocation and petroleum politics in Nigeria

    Open Access•Paul Orogun, Paul S Orogun•GeoJournal•2009

  • Industrial policy reform in six large newly industrializing countries

    Open Access•Richard M Auty•World Development•1994

  • Learning to love the Dutch disease

    Open Access•Graham A Davis•World Development•1995

  • Problems of Industrialisation of Eastern and South-Eastern Europe

    P N Rosenstein-Rodan, P N Rosenstein‐Rodan•The Economic Journal•1943

  • Resource Wealth and Political Regimes in Africa

    Open Access•Nathan M Jensen, Nathan Jensen et al.•Comparative Political Studies•2004

Obras citantes distintas1
Citas por año0,2
Intervalo de citas2021 - 2021 (1)
Velocidad de citaciónhistorical
Altamente citadoNo
Tipos de citaNeutras: 1
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