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.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Notes
- 1.
For more understanding of poverty–security nexus, see Akinola, Adeoye O. and Okeke Uzodike (2013) “The Threat of ‘Boko Haram’ Terrorism and Niger Delta Militancy to Security and Development in Africa : From Myth to Reality”, Ghandi Marg, Vol. 35, No. 3, pp. 391–417; Akinola, Adeoye O. and Tella Oluwaseun (2013) “Boko Haram Terrorism and Nigeria’s Security Dilemma: Rethinking the State’s Capacity”, International Journal of Innovative Social Sciences and Humanities Research, Vol. 1, No. 3, pp. 70–78.
- 2.
The high rise of food prices can be explained by various factors: neglect of the agricultural sector by the government due to over-reliance on the oil resources , environmental degradation in the Niger Delta which destroys farms, Boko Haram terrorism in northern Nigeria which drives away farmers, among other factors.
- 3.
The management of the Obafemi Awolowo University, Ile-Ife, had embarked on an upward review of tuition fees and other associated levy for both new and old students. The resultant effect was students’ demonstration and eventual closure of the University since June 2014; the University was later re-opened on the 24th of August 2014. Series of violent protests by students for diverse reasons and strike actions embarked upon by both academic and non-academic staff have distorted the projected calendar of public Universities in Nigeria in the past two decades.
- 4.
UNICEF reports that girls’ access to basic education in Nigeria is very low. It is particularly poor in northern Nigeria. For instance, about 20 per cent of women in the North West and North East Nigeria are literate and have not attended any school at all. This constitutes an impediment to sustainable development. Girl’s education is regarded as the best investment in any country’s developmental initiative. Educated girls easily develop essential life skills, which increase their self-confidence and the ability to participate effectively in society. It also creates enlightenment among women about the ability to protect themselves from diseases like HIV/AIDS and combat sexual exploitation. Apart from these, UNICEF maintains that girl’s education also helps in reducing children and maternal mortality rates and has the potential for contributing to national wealth. This information is available at UNICEF http://www.unicef.org/wcaro/WCARO_Nigeria_Factsheets_GirlsEducation.pdf
- 5.
This is available online at http://www.unicef.org/nigeria/children_1926.html
- 6.
This represents the voice of developing countries.
References
Ake, C. (1996). Democracy and Development in Africa. Washington, DC: Brookings Institution.
Akinola, A. O., & Ndawonde, N. (2016). NEPAD: Talking from the South, Governing from the North. International Journal of African Renaissance Studies - Multi-, Inter- and Transdisciplinarity, 11(2), 38–51.
Amundsen, I. (2010). Good Governance in Nigeria: A Study in Political Economy and Donor Support. Norad Report 17/2010 Discussion.
Associated Press. (2012, February 25). Former Halliburton Executive Jailed in Nigeria Bribery Scandal. Retrieved from http://www.elombah.com/index.php/special-reports/10027-former-halliburton-executive-jailed-in-nigeria-bribery-scandal-v15-10027
Baig, T., Mati, A., Coady, D., & Ntamatungiro, J. (2007). Domestic Petroleum Product Prices and Subsidies: Recent Developments and Reform Strategies. IMF Working Paper, WP/07/071.
Bayart, J.-F. (2009). The State in Africa: The Politics of the Belly (2nd ed.). Oxford: Polity Press.
Evans, P. (1979). Dependent Development: The Alliance of Multinational, State, and Local Capital in Brazil. Princeton, NJ: Princeton University Press.
Gelb, S. (2001). South Africa’s Role and Importance in Africa and for the Development of the African Agenda. Braamfontein: The Edge Institute.
Mimiko, N. O. (2010, October 12). Swimming against the Tide: Development Challenges for the Long-Disadvantaged in a Fundamentally Skewed Global System. Inaugural Lecture Series 233, Obafemi Awolowo University, Ile-Ife.
National Bureau of Statistic. (2012). Nigeria: Poverty Outlook. Retrieved from http://nigerianstat.gov.ng/
Ojo, B. A. (2004). Africa’s Triple Dilemma: The State, Democratization and the Challenges of Globalization. Retrieved from http://www.beyondintractability.org/citations/12244
Olaopa, T. (2011). Managing Complex Reforms. Ibadan: Bookcraft.
Olayode, K. (2005). Reinventing the African State: Issues and Challenges for Building a Developmental State. African Journal of International Affairs, 8(1–2), 23–43.
Onigbinde, A. (2003). Development of Underdevelopment: Conceptual Issues in Political Economy. Ibadan: Frontline Books.
Sachs, J., McArthur, J., Schmidt-Traub, G., Kruk, M., Bahadur, C., Faue, M., & Mccord, G. (2004). Ending Africa’s Poverty Trap. Brookings Papers on Economic Activity, pp. 117–240.
Smith, B. C. (2003). Understanding Third World Politics: Theories of Political Change and Development. New York: Palgrave Macmillan.
Social Action. (2012). Fuels of Dissent: Politics, Corruption and Protest over Fuel Subsidy in Nigeria. Port-Harcourt: Social Development Integrated Centre.
Umoru, H., Ahiuma-Young, V., & Ovuakporie, E. (2017, May 26). Senate Passes Petroleum Industry Bill, PIB. Retrieved from http://www.vanguardngr.com/2017/05/senate-passes-petroleum-industry-bill-pib/
UNDP. (2014). Human Development Report 2014: Sustaining Human Progress – Reducing Vulnerabilities and Building Resilience. New York: United Nations Development Programme.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2018 The Author(s)
About this chapter
Cite this chapter
Akinola, A.O. (2018). Globalization of the Nigerian State and Economy. In: Globalization, Democracy and Oil Sector Reform in Nigeria. African Histories and Modernities. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-70184-4_11
Download citation
DOI: https://doi.org/10.1007/978-3-319-70184-4_11
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-319-70183-7
Online ISBN: 978-3-319-70184-4
eBook Packages: HistoryHistory (R0)