OJPS  Vol.5 No.2 , March 2015
Economic Diversification for Sustainable Development in Nigeria
Abstract: Nigeria operates mono commodity (petroleum) based economy. She just extracts the oil for export. The generated revenue is not effectively invested on diversification of the economy to develop a robust and stable economy. This is due to some socio-political challenges that border on individual interests and poor socioeconomic orientations that militate against industrialisation of the economy. The situation exposes the nation to both economic and socio-political instability as the economy fails to accommodate wide spectrum of people and sustain the basic needs of the populace. Nigeria should pragmatically address the challenges of poor industrialisation to diversify her economy.
Cite this paper: Anyaehie, M. and Areji, A. (2015) Economic Diversification for Sustainable Development in Nigeria. Open Journal of Political Science, 5, 87-94. doi: 10.4236/ojps.2015.52010.

[1]   (1983). Towards Sustainable Development. Our Common Future. Report of the World Commission on Environment and Development, UN Documents: Gathering a Body of Global Agreements, The NGO Committee on Education of the Conference of NGOs.

[2]   9 Sustainable Development Definition (1993). An Architect’s Guide to Designing for Sustainability.

[3]   Aigbedion, I., & Iyayi, S. E. (2007). Diversifying Nigeria’s Petroleum Industry. International Journal of Physical Sciences, 2, 263-270.

[4]   Jekwe, I. Assessing the Future of Nigeria’s Economy: Ignored Threats from the Global Climate Change Debacle. Africa Economic Analysis.

[5]   Sanusi, L. S. (2010). Growth Prospects for the Nigerian Economy. Convocation Lecture Delivered at the Igbinedion University Eighth Convocation Ceremony, Okada.

[6]   Sustainable Development. Wikipedia, The Free Encyclopedia.

[7]   Zhang, L.-Y. Economic Diversification and Sustainable Development: Linkages and Barriers.