Crude oil as Nigeria’s resource curse

professor Richard Auty coined the concept of resource curse in economics in 1993 in his seminal work. Resource curse or ‘paradox of plenty’ is linked to the failure of citizens in many resource-rich countries like Nigeria to benefit from their natural resources. The governments failed to respond effectively by providing the welfare needs for the

Read More Read More

Check Also

Why Nigerian governments pay lip service to civil service reforms – Part 2

In a 2005 study of the administrative trajectories of 29 African countries, Ladipo Adamolekun introduced …

Leave a Reply

Your email address will not be published. Required fields are marked *