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Periodical article | Leiden University catalogue | WorldCat |
Title: | Petroleum, recession and the internationalization of class struggle in Nigeria |
Author: | Turner, Terisa |
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. |