Factors Affecting Nigerias Underdevelopment - 1435 Words

According to an economist the idea of development is a situation whereby there is an increase in a nations GNP and GDP, leading to an increase in growth .but to a sociologist this is a surface definition as development or rather a country is regarded as developed when such increase is affecting the living condition of its people even to the smallest group in the society. Where we don’t only calculate numbers and figures and structures but can see the positive change of things in the life of the people, both the rich, average and poor. Then such a society would be regarded as developed. For example the living conditions of the USA. Nigeria the most populated country in Africa filled with its endowed natural resources, and according to the†¦show more content†¦Neo-colonialism or imperialism This is an external factor of Nigeria’s underdevelopment; it is the highest form of exploitation from the British countries to their colonies after independence. Nigeria has contributed to its economic backwardness, as it â€Å"promotes the maintenance of foreign domination and enhances neo-colonialism and the flowering of subjugationism† (onimode, 1981). Imperialism has always been an exploitative phenomenon, which was the initial motive for colonization. Nigeria has been seen as a dumping ground for most British counties, making it difficult for us to produce our own goods. Also the fact that we are primary producers with fewer technicalities to produce our raw materials into finished products makes it a means of imperialism as we export our goods at the rate determined by the British colonies and still import back at a higher cost. For example the crude oil, Nigeria is the largest country with the crude oil but the poorest in economic state due lack of technicality i n transforming crude oil into petrol which led to the issue of sucidy removal in January 1st 2012, even after which things haven’t changed as fuel scarcity hits most part of the country e.g. Abuja, Lagos etc. as at 19th September 2012. 3. Poor leadership According to john c. Maxwell â€Å"leadership is about influence† and niyi adesonya sees it â€Å"as not just influence but also inspiration†. The idea of Nigeria’s leadership is just based on selfish gain of eating the â€Å"national cake† andShow MoreRelatedA Critical Appraisal Of Nigeria s Regional Security Challenges1582 Words   |  7 Pagesinsecurity, one must look at society as a whole, and in Nigeria it is not necessary to dig very deep: increases in unemployment, poverty, and inequality have created frustration and alienation amongst large sections of the population, which in turn has led to social division. The lack of development that has created this environment is manifested in the violence and insecurity that plagues parts of the nation. The lack of development within Nigeria has created a fertile environment for insecurity; thisRead MoreRetention Strategies in Post Consolidation Banking Industry in Nigeria (a Case Study of First Bank Nigeria Plc)1339 Words   |  6 Pagesfact developing appropriate capacity and competence needed to support such efforts. 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