Tag: Colonialism

After colonialism Nigeria had greater potential and advantage than other African countries to make progress on the road to industrialization but only made limited progress.

Abstract Nigeria is a very interesting country to analyze either for the economists and policymakers. After gaining the independence in 1959, Nigeria ambitiously aspired to established democratic government and to reach high level of economic development. Nigeria has made first steps towards industrialization as early as in 1962. Rich natural resources and the political regime …