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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Petroleum, recession and the internationalization of class struggle in Nigeria
Author:Turner, TerisaISNI
Year:1985
Periodical:Labour, Capital and Society
Volume:18
Issue:1
Pages:6-42
Language:English
Geographic term:Nigeria
Subjects:class relations
political economy
petroleum
Abstract:The oil industry has not brought the development of capitalist production to Nigeria. Instead, it has strengthened the trading or comprador capitalist class which appropriated oil and oil money, thus driving the country into debt and financial crisis. The military regime which took power on New Year's Eve, 1983, in alliance with multinational capital, faces strong opposition to its efforts to enforce IMF conditions. The study is divided into three sections. Section 1 reviews the process by which the Nigerian political economy was progressively incorporated into the world system. Section 2 examines the impact of the oil boom and the oil recession on the bourgeoisie, the petty bourgeoisie, the working class and the peasantry. Section 3 considers state repression and the popular fight against the current government's efforts to impose IMF conditions. Notes, sum. in French.
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