This book offers a comprehensive, research-driven analysis of the persistent economic underdevelopment in Africa, with Nigeria as a central case study. It argues that Nigeria’s failure to achieve sustained growth stems from weak social institutions, corrupt governance, and mismanagement of resources—issues common across the continent, though shaped by local contexts. The book contrasts these challenges with successful development strategies in Southeast Asia, emphasizing the importance of foundational institutions.
Early chapters trace Nigeria’s institutional decline since independence, highlighting systemic barriers to progress despite abundant natural and human resources. Later sections critique widely accepted growth models—especially the overreliance on foreign direct investment—as ineffective for nations lacking a solid economic base. Instead, the book advocates for development strategies grounded in proven, context-sensitive frameworks.
Intended for readers interested in global development, the book serves as a valuable resource for policymakers, practitioners, and organizations working to promote sustainable growth in Africa.
