An Analysis of Nigeria- Us Relations, 1999-2009

Description

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Abstract

This study examines the political economy of Nigeria –United States relations between 1999 and 2009. This study has both broad and specific objectives. The broad objective of this study is to examine the political economy of Nigeria –United States relations between 1999 and  2009.

The specific objectives are as follows: To ascertain whether oil is the centerpiece of Nigeria –United States economic relation between 1999 and 2009; To find out if Nigeria – United States economic relations enhanced economic development in Nigeria within the periods under study.

Though political economic framework could explain almost every situation in interaction of states, the theoretical framework for the analysis of Nigeria – US economic relations between 1999 and 2009 will be rooted on the dependency theory.

Introduction

Nigeria-United States relations remain a critical aspect of Nigerian foreign policy. The demands, challenges and competition of this 21^st century have made it pertinent that Nigeria review her relation with United States in order to benefit maximally from their relation.

One would have thought that Nigeria-US economic relation since 1960 would have moved Nigeria from being a Third world nation to at least a Second world nation but like the story of any other developing economy dealing with developed economy, Nigeria has remained the same if not worst.

Nigeria has remained just a market for the U.S. to buy her crude oil and sell her manufactured goods.United States, adopted the policy of globalization, democratization, free market and liberalism.

However one may say that the reason behind US democracy in Africa is to create “FREE ATMOSPHERE” for the implementation of International Monetary Fund and World Bank-inspired adjustment programmes, thereby reinvigorating the type of market, which made Europe prosperous.

Expediently, one can say that the free market/free trade they implement is only free movement of capital and not free movement of labour… (Ezea 2005)

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