Underdevelopment and Dependency in Third World Countries: A Focus on Nigeria

Abstract

This study interrogates Dependency and Underdevelopment in Africa: The Nigeria Experience.

The specific objectives of this study were to establish the link between economic/financial dependency and underdevelopment in Nigeria; to ascertain if political decency is liked to underdevelopment in Nigeria and to determine the relationship between military dependency and underdevelopment in Nigeria. This work adopted Dependency theory as postulated by Raul Presbisch (1950s). The study adopted quantitative methodology. The researcher made the following findings: Nigeria like other African nations engage in economic or financial dependency through foreign aids to sustain their own economy, Nigeria depend on foreign nation for political aids which is the major cause of neo-colonialism, Nigeria depends on foreign nations for military assistance. The researcher also made the following recommendations: Nigeria should revamp their economy by building refineries and stop exporting crude ad importing refined products, that will bust her economy and reduce economic dependency, Nigeria should also manage their political system, eliminate corrupt leaders and train qualified leaders lead the country, Nigeria organize her military base and strategies to enable them fight insecurity without depending on foreign nations