Resource Control in African States: The Implications for Economic Growth and Development of Niger Delta Region in Nigeria

 

John Udoidem and Paul O. Udofot

 

Full Length Research Paper I Published June,2017

 

Pearl Journal of Management, Social Science and Humanities Vol. 3 (1), pp. 1-9.

ABSTRACT

It is a common phenomenon in African States that resources are managed and controlled by the central government to the neglect of the principle of resource control. The Nigerian experience was investigated with emphasis on its implication for economic growth and development of the resource producing region. In particular, the study was centred on the economic life in the oil producing area of Niger Delta Region referred to as South-South in Nigeria. Data extracted from works by other scholars were used for qualitative analysis while secondary data obtained from Ministry of Finance and National Bureau of Statistics (NBS) was used for qualitative analysis. Simple regression was the inferential statistical tool adopted to examine the effect of neglect of resource control on economic life of the South-South people. Findings revealed that management and control of resources by the central government has negative effect on economic growth in the South-South. The major recommendation was that the principle of resource control should be adopted in totality and should be enshrined in the constitution of the Federal Republic of Nigeria.

Key words: Derivation, Resource Control, Degradation, Militancy, Growth and Development.

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