Functional Ethnicity, Regionalism and Regional Integration of South West Nigeria: A Study of ODUaA Investment Company Limited (OICL)

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Idowu, Ajibade Samuel
Idowu, Ajibade Samuel
2
Idowu
Idowu
3
Ajibade Samuel
Ajibade Samuel
1 University of Ibadan, Nigeria
2 University of Ilorin

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With the abolition of regionalism in 1967, ethnicity became more intensified in Nigeria as the country became more polarized. While regionalism promoted nation building in spite of its abuse as a result of ethnicity, which culminated in the civil war (1967-1970), the latter is mostly an agent of disintegration. However, ethnicity does not necessarily constitute threat to the sociopolitical and economic development of a state; rather, it is its negative employment. Hence the positive aspects of ethnicity often become insignificant in multi-ethnic states like Nigeria. This paper suggests that ethnicity and regionalism can provide solution to some of the socioeconomic problems confronting the country. It thus demonstrates through the study of Odu’a Investment Company Limited (OICL), a regional economic bloc in south west Nigeria that regional integration has the potentials of revamping the economy of the country. It also argues that regional cohesion is a tool for national integration. While the paper argues that Odu’a Investment Company Limited (OICL) as an economic bloc has failed to achieve its raison d’être courtesy of regional atomization, it contends that since the beginning of the Fourth Republic, it has been a unifying factor in south western Nigeria.

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No external funding was declared for this work.

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The authors declare no conflict of interest.

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Idowu, Ajibade Samuel. 2015. \u201cFunctional Ethnicity, Regionalism and Regional Integration of South West Nigeria: A Study of ODUaA Investment Company Limited (OICL)\u201d. Global Journal of Human-Social Science - E: Economics GJHSS-E Volume 15 (GJHSS Volume 15 Issue E8): .

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GJHSS Volume 15 Issue E8
Pg. 27- 37
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Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

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GJHSS-E Classification: FOR Code: 140218
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October 31, 2015

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English

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With the abolition of regionalism in 1967, ethnicity became more intensified in Nigeria as the country became more polarized. While regionalism promoted nation building in spite of its abuse as a result of ethnicity, which culminated in the civil war (1967-1970), the latter is mostly an agent of disintegration. However, ethnicity does not necessarily constitute threat to the sociopolitical and economic development of a state; rather, it is its negative employment. Hence the positive aspects of ethnicity often become insignificant in multi-ethnic states like Nigeria. This paper suggests that ethnicity and regionalism can provide solution to some of the socioeconomic problems confronting the country. It thus demonstrates through the study of Odu’a Investment Company Limited (OICL), a regional economic bloc in south west Nigeria that regional integration has the potentials of revamping the economy of the country. It also argues that regional cohesion is a tool for national integration. While the paper argues that Odu’a Investment Company Limited (OICL) as an economic bloc has failed to achieve its raison d’être courtesy of regional atomization, it contends that since the beginning of the Fourth Republic, it has been a unifying factor in south western Nigeria.

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Functional Ethnicity, Regionalism and Regional Integration of South West Nigeria: A Study of ODUaA Investment Company Limited (OICL)

Idowu
Idowu University of Ilorin
Ajibade Samuel
Ajibade Samuel

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