Musa, Philip O. and Ajibade, Olalekan Eyitayo (2017) Mono Cultured Economy and National Development: The Nigerian Explanation. International Journal of Innovative Development & Policy Studies, 5 (3). pp. 26-33. ISSN 2354-2926
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Abstract
Oil since its discovery has dominated the Nigerian economy, oil exports has contributed 98 percent of the Federal government revenues. This overdependence has made the Nigerian economy unstable, non-static and has displayed a large overdependence on oil incomes. There has been over reliance on these oil revenue has affected the agricultural sector and the economy. It is against these that this study examines how the overdependence on oil revenue has affected the Nigerian economy. It further investigates factors that could minimize the overdependence on oil revenue as a way to enhance National development. With reliance on secondary data, the paper made observations that the downstream sector has been the most problematic sector over the years amongst other sectors of the industry. It further observed that domestic consumption and exportation of oil products has had a positive impact on the economic growth of the nation.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > H Social Sciences (General) |
| Divisions: | Faculty of Law, Arts and Social Sciences > School of Humanities |
| Depositing User: | Unnamed user with email [email protected] |
| Date Deposited: | 28 May 2021 08:51 |
| Last Modified: | 28 May 2021 08:51 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/1348 |
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