n African Renaissance - The state and economic reforms in Nigeria : an exploratory note on the capture theory of politics

Volume 5, Issue 2
  • ISSN : 1744-2532
  • E-ISSN: 2516-5305


This paper was specifically designed to explain why the Nigerian economy has refused to respond to treatment despite all efforts by the government and international donor agencies. The paper argues that Nigeria's economy has always been in crisis since 1960 despite the occasional "boom" and "windfalls". Using the capture theory of politics as a theoretical framework, the paper argues that two contending social forces, namely the nationalists and reformists are currently struggling for the capture of the soul of Nigerian economy. It is this struggle and the consequent capture of the state by a captor that has sustained the economic crisis and made revamping and sustaining the economy impossible. If the economy must move forward, the paper argues, the two social forces must resolve their differences through sovereign national conference or alternatively, one group must swallow the other for peace to reign.

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