Third World Dependency: The Nigerian Perspective

Nigeria marks the centenary anniversary of its creation by the British colonial government in January, 2014. The amalgamation of Northern and Southern Protectorates on 1 st January 1914 officially signaled the political creation of Nigeria. This British creation continued its existence as one nation-state throughout the years of colonial administration, which ended on 1 st October, 1960. With attainment of political independence, Nigeria was seen as a promising nation due to its abundant natural and human resources. However, post-independence management of its economy by successive political leaders left much to be desired, and gave credence to the contention among many observers that Nigeria will celebrate its centenary as an under-developed country. Against this background, this paper examines the issue of “economic dependency” as a major challenge to sustained growth and enduring economic development in Nigeria. By the adoption of the eclectic Research method, the essay argues th...