ABSTRACT
Over the past five decades, Nigeria’s economic pathway has been defined by oil. Most probably, all of the country’s economic variables have the input of oil: budget, GDP, exchange rates, international trade, employment, and so on. The advent of oil has been helpful in ensuring that the country maintains its “giant of Africa” status in terms of politics and economics. But then, sadly, oil has also infected the country with the “Dutch disease,” 1 as all the other sectors including agriculture and manufacturing have been negatively affected, while corruption has become rife and alarmingly high throughout the country.
