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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Broken covenant: a historical reflection on the Nigerian economy since independence
Author:Njoku, Onwuka N.
Periodical:Indian Journal of African Studies
Geographic term:Nigeria
Subjects:economic development
agricultural development
industrial development
Abstract:The era of economic prosperity promised to Nigerians by Nigerian nationalist leaders at independence has so far proved elusive. Agriculture and industry have failed to provide sources of wealth. The government has pursued agricultural development from an externalist standpoint under the rubric 'Green Revolution' and a variety of actualizing agencies, the most important being the River Basin Development Authorities and the National Accelerated Food Production Programme. However, the Green Revolution was conceived by foreign agribusiness corporations, more interested in expanding the market for their products than in raising agricultural productivity and reducing hunger. The Green Revolution strategy is anchored on the package concept, which wrongly assumes that all farmers and all agricultural areas are homogeneous. Despite official assurances to the contrary, the Green Revolution has merely enriched a handful of already wealthy farmers, Nigerian compradors and government officials, while circumventing the small farmer, the backbone of Nigeria's agricultural system. Efforts at industrialization have likewise been faulty in conception and execution. The trickle down or import substitution approach has not led to the acquisition of the technological know-how necessary for genuine industrialization but has resulted rather in strategic and technological dependence on the industrial nations of the world. Ref.