Open AccessNigerian Elite and the Culture of Primitive Accumulation
Author(s) -
Stanley Edebiri Egharevba,
Friday Osaru Ovenseri-Ogbomo
Publication year - 2018
Publication title -
american economic and social review
Language(s) - English
Resource type - Journals
eISSN - 2576-1277
pISSN - 2576-1269
DOI - 10.46281/aesr.v4i1.211
Subject(s) - militarization , elite , industrialisation , politics , urbanization , political science , political economy , sociology , development economics , economic growth , law , economics
Nigeria is endowed with vast human and material resources to engender development but it still continues to luxuriate within the confines of a top speed in reverse to oblivion. As its relics, neocolonialism has given birth to industrialization, urbanization and militarization of the political process which generally has created “sudden billionaires” on one end of the ladder (elected or appointed public officials) and extremely poor masses (unemployed graduates and depressed masses) at the other end of the ladder. This paper basically exposes the developmental retrogressive outlooks of the masses due to primitive capitalist accumulation by the few elites who have piloted the affairs of the nation.