Description
Book Synopsis
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 propert
Table of Contents
Introduction Antecedents Capitalism, Underdevelopment, and the State: A Framework for Analysis The Accumulation Program of Nigerian Military Regimes: 1966-1979 The Accumulationist State The State and the Control of Labor under Military Rule The Management of Accumulation Conclusion: Accumulation and the State in Peripheral Capitalism Bibliography Index
