Indigenization and Economic Development: The Nigerian Experience

In this account of Nigeria's indigenization program, Nigeria's evolution into a one-product export economy-accompanied by a decline in agriculture and little industrial growth-happened at the same time that Nigerians assumed ownership in basic economic sectors. Deeply pessimistic about the ability of Nigeria's "anarchic" polity to translate the short-lived oil bonanza into real economic development, the author takes refuge in what seems a prescriptive flight of fancy, suggesting that the country should utilize its oil wealth in a forced-march modernization program run by expatriates under stern military rule-then return to laissez-faire!

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