Influence of external forces on Nigeria's economic security

Scientific Essay from the year 2008 in the subject Politics - International Politics - Region: Africa, Ahmadu Bello University, language: English, abstract: ABSTRACT

After about five decades of political independence, all efforts towards prosperous Nigeria were devastated by corruption, fraud, poverty, insecurity and primitive wealth accumulation. A lot is being said on the actual causes of the Nigeriäs socio-political and economic predicaments especially in the wake of the present century. This paper explores and analyses the roles of the so-called ¿United Nation Development partners¿ (the World Bank, the International Monetary Fund and the World Trade Organization) in making Nigeria one of the poorest and corrupt countries on earth. The paper also sheds more light on how the activities of these institutions pushed Nigeria into the ¿poverty-trap¿ which makes it difficult for the country to harness the vast human and material resources available for a common goal.