A Political Economy of the Resource Control Phenomenon in Nigeria's Fourth Republic: Historical Perspective
Abstract
The Nigeria nation is indeed a very fragile arrangement. Virtually every issue, elicits diverse, conflicting and a times acrimonious reactions from the various groups that make up the country. For now, nothing is settled. Everything is a state of fluid. Perhaps it may be quite right to say that the country's federalism is still evolving, hence a general consensus on the structure, working arrangement and general rules for peaceful co-existence is yet to be arrived at. Incidentally, one of such issues which has attracted the most attention in the fourth republic has been the revenue sharing formula. Oil still remains the main stay of the Nigeria economy, consequently, anything that affects oil affects the soul of the country. This explains the attention which the struggle by oil producing states to have a better deal from the Nigerian state as regards their resource otherwise known as resource control", has attracted. This study as the title suggests, will take a critical look at the resource control issue in Nigeria, with particular focus on the fourth republic. The first part of this study will try to define what resource control is. The definition will draw heavily from how the key figures in the struggle have viewed the phenomenon. The second part will trace the history of revenue allocation in Nigeria. The third part which is the main part will be devoted to the struggle itself, the history of the struggle and the reactions of the government and other parts of the country to the struggle will be reviewed. Finally, in the fourth part, we will conclude by trying to summarize the study and make recommendations on how best to solve the unending problem of revenue sharing in Nigeria. Key Words: Politics, Political Economy, Resource Control, and Nigeria's Fourth Republic: P-ISSN 2695 2416
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