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Following a surge in oil revenues in the 1970s, Nigeria became one of Africa’s most rapidly developing nations. In Nigerian Capitalism, Sayre P. Schatz analyzes the country’s political economy, assessing its position and proposing a development plan for the final quarter of the twentieth century. Referring to Nigeria’s economic development strategy as "nurture-capitalism," Sayre contrasts the role of private enterprise, which is expected to foster growth of the productive sector of the economy, with the government’s role, which is to nurture the capitalist sector generally and to favor indigenous enterprise in particular. The author examines the development of Nigerian nurture-capitalism from 1949 to the launching of and early experience with the Third Plan (1975–80), with emphasis on the post-civil war 1970s. He then turns to an intensive study of indigenous business and possible impediments to the development of Nigerian private enterprise, analyzing the role of capital availability, entrepreneurship, and the economic environment. Sayre demonstrates that there are substantial divergences between private profitability and social utility and that there is an abundance of socially useful investment possibilities for indigenous businessmen. The author next turns to a study of the government business-assistance programs, and their economic, administrative, and political characteristics. Finally, he assesses the sources of successful investment and makes a case for enhanced socially useful investments. Comparing “pragmatic developmentalism,” “pragmatic socialism,” and “thoroughgoing socialism,” he proposes a pragmatic orientation that postpones ideological decisions as long as practicable. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1977.
Since achieving independence in 1960, Nigeria has suffered through a civil war, the overthrow of elected governments in repeated military coups, and severe economic crises. This study looks at the country's economic development under these conditions and in light of Nigeria's status as a Third World nation with an economy largely dependent on foreign capital and international markets. Focusing on state economic policy, Ohiorhenuan assesses Nigeria's development as a dependent capitalist economy under military rule and identifies both the factors that promote this type of development and those that constrain it. After describing the country's current economic state, Ohiorhenuan discusses the relationship between economic dependency and capitalist development in Nigeria and then considers the economic policies of successive military regimes. Specific topics include the military's capital accumulation program and management of the economy, the restructuring of property rights, the critical role of Nigeria's oil surplus, and the government's attempts to control the organized working class. In a study of two types of collaboration between the state and transnational capital, Ohiorhenuan explores the limitations on direct governmental accumulation of capital. This systematic and incisive examination of Nigeria's political economy is a significant contribution to the understanding of Third World development processes. This book is a useful resource for policy research, studies or classes dealing with modern Africa, with Third World development, and international political economy.
Evaluates the role of indigenous capitalism and capitalists in Black Africa's most successful capitalist states: Nigeria, Kenya, and the Ivory Coast.
This work goes beyond recent analyses of African development to present a post-dependency framework for the study of Africa's political economy. The author argues that, although the contributions of the modernization and dependency frameworks cannot be ignored, recent economic and political adjustments and realignments require a more penetrating analysis--one that takes into account such factors as the overall growth of the economy, the role of the state, parallel markets, and capitalist development in general. An ideal supplemental text for courses in comparative politics, international political economy, and African development, the volume is comparative in approach and covers the countries of sub-Saharan Africa. The author begins by discussing the various dimensions--agricultural, environmental, industrial, population--of Africa's continuing crisis condition. He then closely examines the African development experience since independence and explores the evolution of development theory and its application to Africa. Arguing for a new mode of production approach to the study of Africa's political economy, the author attempts to determine whether Africa is indeed predominantly capitalist and raises questions regarding prevailing theories of capitalist development. Finally, Nyang'oro looks at the state in Africa, pointing to some fundamental weaknesses that contribute to the ongoing crisis and offering a perceptive assessment of development options open to Africa.
Monograph discussing the role of entrepreneurship in the economic development of Nigeria - covers labour demand and labour supply of managers and entrepreneurs in relation to size of enterprise, the extent of indigenization, the influence of educational level on entrepreneurial efficiency, etc., presents a economic policy of Nigerian business and includes case studies based on the shoe and leather industry. Bibliography pp. 265 to 284, graph, map, photographs, references and statistical tables.
This book compares the social processes that explain Japanese development, beginning with the Meiji Restoration in 1868, with similar processes in post-independent Nigeria in its effort to achieve capitalist development. Before the Restoration and independence, both Japan and Nigeria lacked any prospects for further development. Japan, however, pursued fundamental social transformations of society leading to capitalist development, whereas Nigeria, following independence, has lacked any transforming ideals resulting in underdevelopment and social stagnation.
The first edition of State and Society in Nigeria, published in 1980, was and remains a dominant influence in teaching, research, policy and practice of state-society relations in Nigeria for more than a generation. The volume of essays has remained one of the most cited in the field – testimony to its enduring content and perspective as well as the beauty, accessibility and clarity of its language. This new edition revisits, extends and reconsiders aspects of the first edition in light of developments in the literature since 1980 and offers new insights and interpretations on issues of political economy, politics, and sociology such as the country’s Civil War (1967-1970) the political economy of oil, debt, and democratization and the complexities and ethnic identities and rivalries and religious accommodation and conflict, and of the multiple ways in which they intersect with one another.