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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Politics does matter: the Nigerian State and oil (resource) curse
Author:Olarinmoye, Omobolaji OloladeISNI
Periodical:Africa Development: A Quarterly Journal of CODESRIA (ISSN 0850-3907)
Notes:biblio. refs.
Geographic terms:Nigeria
West Africa
Subjects:revenue allocation
public revenue
Natural resources--Management
Niger River Delta (Nigeria)--Economic conditions
Nigeria--Politics and government
political stability
External link:https://www.jstor.org/stable/24483994
Abstract:Conventional explanations of the resource curse, or the paradox of abundance, correlate resource abundance and bad economic policies, underdevelopment, poverty and conflict. Such a conclusion has become debatable and has encouraged analysts to develop conditional explanations that emphasize the role of the political rather than economic factors in the mechanisms underpinning the resource curse. Using the Inter-governmental Fiscal Relations system in Nigeria as an example, this paper argues that, while the policy choices of politicians determine how resource rents are utilized, the extent to which political institutions promote the use of rational and meritocratic criteria in allocating public sector resources and ensure accountability is what matters. This is of crucial importance in determining whether resource abundance will lead to resource curse. Bibliogr., sum. in English and French. [Journal abstract]