Oil Revenue and Socio-economic Development in Nigeria - 1970 to 2005
Ibrahim Adamu
Broschiertes Buch

Oil Revenue and Socio-economic Development in Nigeria - 1970 to 2005

Management of Poverty in the Midst of Plenty in Nigeria - 1970 to 2005

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Nigerians always want to know why the country is rich but the citizens are poor. It is expected that when a country is blessed with rich mineral resources exploited for about 37 years the citizens will be socio-economically better. Contrary to this,a U.N. Human Development Index (HDI) report, 2005, which ranks nations according to their citizen s quality of life, portrayed Nigeria s level of socio-economic development with a HDI value of 0.470. This ranked Nigeria 158th out of 177 countries, below Gambia (155th), Zimbabwe (151st), Togo (152nd) and Cameroun (144th). The study thus aimed at asse...