AU  - Chindo, Innocent N.
AU  - Supervisor: Köprülü, Nur
TI  - Rentier State model and economic development at crossroads: An appraisal of Oil impact on Nigeria's political economy (1999-2009)
PY  - 2012///
CY  - Nicosia
PB  - Cyprus International University
KW  - Nigeria poverty
KW  - Nijerya yoksulluğu
KW  - Petrol economy
KW  - benzin ekonomisi
N1  - Includes references (68-71 p.); 1; CHAPTER ONE; 1; BACKGROUND  OF STUDY; 4; STATEMENT OF PROBLEM; 9; AIMS AND OBJECTIVES; 9; SIGNIFICABCE OF STUDY; 10; SCOPE AND DELIMITATION OF STUDY; 12; DEFINITION OF TERMS; 14; CHAPTER TWO; 14; LITERATURE REVIEW; 21; THEORETICAL FRAMEWORK; 26; CHAPTER THREE; 26; HISTORY OF CRUDE OIL PRODUCTION IN NIGERIA; 28; POLITICAL ECONOMY OF POST -INDEPENDENCE NIGERIA; 30; OIL BOOM IN THE 1970's AND IT'S IMPACT ON THE ECONOMIC DEVELOPMENT OF NIGERIA; 34; DECLINE OF OIL PRICE IN THE 1980'S AND ITS NEGATIVE IMPACT ON OIL BASED MONO-ECONOMY OF NIGERIA; 36; A RENTIER STATE'S RESPONSE TO OIL PRICE DECLINE; 40; THE BASIC OBJECTIVES OF THE STRUCTURAL ADJUSTMENT PROGRAMME AND ITS IMPACT ON THE POLITICAL ECONOMY; 43; CHAPTER FOUR; 43; THE LEGACIES OF MILITARY IN POLITICS AND MISMANAGEMENT OF OIL WEALTH IN NIGERIA; 45; THE NEW DAWN: TRANSITION FROM MILITARY RULE TO DEMOCRATIC RULE; 47; RENT SEEKING AND THE NATURE OF POLITICAL PARTIES IN NIGERIA; 49; OIL RENT INDUCED EXPENSIVE AND OUTRAGOUS SALARIES FOR POLITICIANS IN NIGERIA; 53; APPRAISAL OF ECONOMIC AND INSTITUTIONAL REFORM UNDER THE DEMOCRATIC RULE IN NIGERIA; 56; OIL RENTS; PATRONAGE AND CORRUPTION UNDER A DEMOCRATIC RULE IN NIGERIA; 58; ALLOCATION AND DISTRIBUTION OF OIL REVENUES: STATE-SOCIETY RELATIONS IN NIGERIA; 62; CHAPTER FIVE; 62; CONCLUSIONS; 64; RECOMMENDATIONS
N2  - 'The research examined why Nigeria\'s poverty level had tremendously increased rather than decreased with the introduction of oil revenues. In 1970\'s, before oil revenues become the country\'s economic mainstay Nigeria had a poverty rate of just 35 per cent, And by 2007 within the period of Nigeria\'s new democracy, an estimated 60 per cent of the population and 40 per cent of the urban population lived in poverty. Therefore, this study was designed to analyze the impact of oil rents on the Nigeria\'s political economy aiming to explore the connections between the high rates of poverty amidst enormous inflow of oil rents in the country. The main thesis of the study is that the transition from agrarian to rentier economy model effectively distorted willingness to diversify the economic based as well as polluted the consolidation of democratic principles that is needed to ensure an improved living condition of the Nigerian general public. The study in attempt to justify the claim presented and analyzed data\'s through a historical approach within the framework of rentier state theory. Through a mixture of content analysis of Nigeria\'s transition to rentier economy model, oil boom, oil price decline, responses and its overall impact on Nigeria\'s economic development, in addition with a critical appraisal of the legacies of military rule in Nigeria, transition to democratic rule, reforms and state-society relations. The study insists that oil rents had played a significant role in shaping  Nigeria\'s historical development and has contributed greatly to the high level of poverty inherent in the country. From the detailed and well selected data presentation, it showed the extent at which the oil revenues shifted the economic base away from the general population and narrowed it to few individuals associated with the political elites and government officials.'
ER  -