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Globalization of the Nigerian State and Economy

  • Adeoye O. Akinola
Chapter
  • 267 Downloads
Part of the African Histories and Modernities book series (AHAM)

Abstract

One of the striking realities of Nigeria is the devastating effect that the globalization of the state and economy has on the oil sector. Thus, the pressures generated by globalization and democratization significantly influenced the operation of the oil sector, and stripped the state of the sovereignty required to effectively function. Oil sector reform was supposed to rid the sector of rot and achieve socio-economic stability; however, the contradictions inherent in the reform agenda engendered economic crisis and aggravated the impoverishment of the masses. The chapter presented the influence of globalization and implications of the oil policy on the state, economy and society. I found that the success of any economic reform in Nigeria was dependent on the holistic overhaul of the political arrangement and the reform of the Nigerian bureaucracy.

Keywords

Post-colonial Africa Political economy Globalization Subsidy reform Oil sector Nigeria 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Adeoye O. Akinola
    • 1
  1. 1.Department of Public AdministrationUniversity of ZululandKwaDlangezwaSouth Africa

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