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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The consequences of Nigeria's debt burden on a New International Economic Order
Author:Lalude, GokeISNI
Periodical:The Nigerian Journal of Economic History
Geographic term:Nigeria
Subjects:external debt
debt relief
Abstract:Had Nigeria adequately followed up the discovery of oil with a further maximization of its natural resources in competitive value, it would more likely than not have been a creditable factor in advancing a New International Economic Order. As it is, Nigeria's enviable position in the international economic system in the early 1970s gradually but consistently became neutralized by the debt burden. The Nigerian State's monocultural economic system turned the oil boom into a period of doom and rendered insignificant whatever influence the nation could have had in the international economic system. Ref. [ASC Leiden abstract]