Nigeria, Mono-Product Economy and the Global Economic Recession: Problems and Prospects

Dr. Robert O. Dode

Nigeria, Mono-Product Economy and the Global Economic Recession: Problems and Prospects

Dr. Robert O. Dode * §

Contact

University Of Uyo, Uyo

Nigeria, Mono-Product Economy and the Global Economic Recession: Problems and Prospects

Article Fingerprint

ReserarchID

7079L

Nigeria, Mono-Product Economy and the Global Economic Recession: Problems and Prospects Banner

AI TAKEAWAY

Connecting with the Eternal Ground

Abstract

Nigeria, an ex-British colony had an independence date that was heralded by the discovery and gradual exploitation of oil in commercial quantity in 1956 and 1958 respectively at Oloibiri. The discovery of this product (black gold) in a number of other nations like Saudi Arabia, Kuwait and Libya among others has contributed immensely to the social, political and economic growth of those nations. For Nigeria, available daily production data shows that the nation has equally earned over $760 billion from the export and sales of crude oil. Paradoxically, this huge revenue profile has not positively impacted upon the lives and environment of majority of Nigerians as is the case in Kuwait, Libya and others, rather most of it have been siphoned into foreign accounts by corrupt government officials. To worsen matters, for more than forty years now, all other sources of revenue earnings have been virtually abandoned. The political class has constantly fallen on one another, fighting over how the foreign revenue accruing from the sales of crude oil should be shared.

References

12 Cites in Article

Reference Format

K Amadeo The History of Recessions in the United States.
B Biafore (2017). Main Economic Indicators - complete database (Edition 2017/08).
O Igwe (2005). Aba-Novak, William.
4. Obama on bailout.
A Olubanji (2009). Nigeria's banks and the Global economic meltdown.
Mirriam-Webster Online Dictionary.
Michaël Laurent (2019). Wikipedia, the free online medical encyclopedia anyone can plagiarize? Time to address Wiki-plagiarism (Preprint).
(2000). Encarta World English Dictionary , and: Microsoft Encarta World English Dictionary (review).
J Shiskin (1974). The Changing Business Cycle.
Rose Holley (2009). Tagging Full Text Searchable Articles.
J Webster (1967). The Growth of African Civilization: The Revolutionary Years of West Africa since 1800.
Www US.government bailout fund for Bank of American.

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Robert O. Dode. 2012. "Nigeria, Mono-Product Economy and the Global Economic Recession: Problems and Prospects". Global Journal of Human-Social Science - C: Sociology & Culture GJHSS-C Volume 12 (GJHSS Volume 12 Issue C11).

More Citation Formats

Select Citation Style:

Download Citation

GJHSS Volume 12 Issue C11

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJHSS

Print ISSN 0975-587X

e-ISSN 2249-460X

Keywords

Ex-British survive subsequent tangible

Classification

GJHSS-C Classification FOR Code: 160505

160511

Submission ReceivedFebruary 9, 2012
Peer Review Double Blind
Handling Editor
Accepted March 1, 2012
Published March 15, 2012

Version of record

v1.2

Issue date

September 6, 2012

Language

English

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Score: 106

Country: Unknown

Subject: Global Journal of Human-Social Science

Authors: Dr. Robert O. Dode (PhD/Dr. count: 1)

View Count (all-time): 310

Total Views (Real + Logic): 1913

Total Downloads (simulated): 87

Publish Date: 2012 03, Thu

Monthly Totals (Real + Logic):

Month 1: 32 views
Month 2: 28 views
Month 3: 65 views
Month 4: 48 views
Month 5: 37 views
Month 6: 25 views
Month 7: 39 views
Month 8: 43 views
Month 9: 32 views
Month 10: 58 views
Month 11: 20 views
Month 12: 28 views
Month 13: 30 views
Month 14: 37 views
Month 15: 23 views
Month 16: 22 views
Month 17: 28 views
Month 18: 40 views
Month 19: 37 views
Month 20: 47 views
Month 21: 50 views
Month 22: 31 views
Month 23: 45 views
Month 24: 43 views
Month 25: 26 views
Month 26: 36 views
Month 27: 17 views
Month 28: 25 views
Month 29: 31 views
Month 30: 35 views
Month 31: 40 views
Month 32: 21 views
Month 33: 34 views
Month 34: 45 views
Month 35: 19 views
Month 36: 15 views
Month 37: 32 views
Month 38: 29 views
Month 39: 26 views
Month 40: 50 views
Month 41: 24 views
Month 42: 26 views
Month 43: 34 views
Month 44: 30 views
Month 45: 22 views
Month 46: 26 views
Month 47: 45 views
Month 48: 26 views
Month 49: 16 views
Month 50: 42 views
Month 51: 23 views
Month 52: 29 views
Month 53: 32 views
Month 54: 16 views
Month 55: 38 views
Month 56: 14 views
Month 57: 30 views
Month 58: 37 views
Month 59: 45 views
Month 60: 41 views
Month 61: 31 views
Month 62: 30 views
Month 63: 38 views
Month 64: 44 views
Month 65: 30 views
Month 66: 33 views
Month 67: 41 views
Month 68: 35 views
Month 69: 44 views
Month 70: 19 views
Month 71: 31 views
Month 72: 34 views
Month 73: 23 views
Month 74: 26 views
Month 75: 36 views
Month 76: 43 views
Month 77: 18 views
Month 78: 29 views
Month 79: 21 views
Month 80: 20 views
Month 81: 39 views
Month 82: 30 views
Month 83: 36 views
Month 84: 35 views
Month 85: 39 views
Month 86: 18 views
Month 87: 38 views
Month 88: 28 views
Month 89: 23 views
Month 90: 31 views
Month 91: 31 views
Month 92: 26 views
Month 93: 15 views
Month 94: 30 views
Month 95: 39 views
Month 96: 42 views
Month 97: 28 views
Month 98: 23 views
Month 99: 40 views
Month 100: 32 views
Month 101: 16 views
Month 102: 27 views
Month 103: 44 views
Month 104: 33 views
Month 105: 21 views
Month 106: 45 views
Month 107: 27 views
Month 108: 28 views
Month 109: 24 views
Month 110: 35 views
Month 111: 38 views
Month 112: 37 views
Month 113: 23 views
Month 114: 27 views
Month 115: 35 views
Month 116: 17 views
Month 117: 18 views
Month 118: 34 views
Month 119: 44 views
Month 120: 11 views
Month 121: 27 views
Month 122: 15 views
Month 123: 36 views
Month 124: 26 views
Month 125: 30 views
Month 126: 45 views
Month 127: 25 views
Month 128: 17 views
Month 129: 31 views
Month 130: 34 views
Month 131: 13 views
Month 132: 36 views
Month 133: 21 views
Month 134: 48 views
Month 135: 25 views
Month 136: 39 views
Month 137: 38 views
Month 138: 26 views
Month 139: 40 views
Month 140: 27 views
Month 141: 36 views
Month 142: 41 views
Month 143: 22 views
Month 144: 37 views
Month 145: 35 views
Month 146: 39 views
Month 147: 22 views
Month 148: 22 views
Month 149: 32 views
Month 150: 24 views
Month 151: 19 views
Month 152: 20 views
Month 153: 24 views
Month 154: 10 views
Month 155: 39 views
Month 156: 40 views
Month 157: 32 views
Month 158: 19 views
Month 159: 21 views
Month 160: 39 views
Month 161: 38 views
Month 162: 28 views
Month 163: 28 views
Month 164: 40 views
Month 165: 60 views
Month 166: 49 views
Month 167: 39 views
Month 168: 30 views
Month 169: 17 views
Month 170: 26 views
Month 171: 40 views
Month 172: 54 views
Month 173: 40 views
Month 174: 50 views
Month 175: 24 views

Total Views: 1.9K

Total Downloads: 87

All Trends