ECONOMIC DEPENDENCY AND UNDERDEVELOPMENT IN AFRICA: THE NIGERIAN PERSPECTIVES, 2000-2010

📄 Project Abstract

In the global world, Africa is the least developed continent compared to other continents of the world. Africa has for long depended on their colonial masters for development. African countries for decades were colonized in different parts by different countries of the world with the objective of exploiting the African economy at their expense.The Nigerian economy of the selfsufficiency became transferred to that of dependency under the colonial era, to the extent that more than half the populations were thought to be living on an everyday level of a very low order, with wide-spread hunger and disease.One of the major issues responsible for the underdevelopment of Nigeria at the early period was the partitioning and buck ionization of African states by their colonial masters.This study sets out to examine how the corruption which manifested through capitalist accumulation by the comprador bourgeoisie has placed Nigeria in a disadvantaged position in her relationship with developed coun...