ECONOMIC MISMANAGEMENT AND INSURGENCY IN THE NIGER DELTA

Umukoro Nathaniel

Abstract


 

Nigeria, a major oil producer in Africa has grappled with the problem of economic mismanagement since independence in 1960. Economic mismanagement has created conflict accelerating factors such as rising poverty and unemployment in different parts of Nigeria especially the Niger Delta. The paper shows that the mismanagement of the proceeds from the sales of crude oil affects the ability of the government’ to ensure efficient services delivery for national development. The failure of the government to use public funds for development purposes in the Niger Delta is one of the major reasons used to justify acts of insurgency in the Niger Delta. The paper also argues that the amnesty programme introduced by the Federal Government to solve the Niger Delta problem can only help to bring about sustainable peace if effective management of revenue from the sales of crude oil is ensured especially for the development of the Niger Delta. The paper recommends the use of oil revenue for diversifying the economy and providing adequate social and economic infrastructure. The diversification of the economy will make other sectors to contribute to solving problems such as rising poverty and unemployment.

 

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