Abstract
Dependency and underdevelopment in Africa is our main thrust which we try to relate the above to the Nigerian context. Dependency as we all know is a product of underdevelopment which is prevalent in Africa in general and Nigeria in particular. It is certain that Nigeria is an independent nation, but it does not reflect in all the facts in the society since the super structures that form the society and state are dependent on foreign policy and factors.
As we can see in this research work, we observe how the African state started its journey to underdevelopment which came in disguised of development and missionary activities which currently left it in shambles and dependent on foreign influence, since we were colonized and gives independence, literally we are independent but practically we are dependent on foreign influence since they form most of our policy and
decisions as seen in some of our super structures like political which we adopted their style of government, economic which capitalism has contributed in crippling our economic culture which has been influenced by foreigners and degraded our cultural value, social which brought about the current inferiority complex suffered by Africans whenever they come in contact with the white.
Also more emphasis is also laid on the post colonial and pre colonial African economy as we see how the post-colonial African economy led to the current debt crisis incurred by Africa in general and Nigeria in particular and we also see how Nigeria has been subjected to unealthying conditionalities in its quest for foreign aid which does not translate the reason for its request after it is been given rather public officers now use these foreign loan for their private use thereby putting Nigeria in a higher debt profile, and in order to mediate the debt problem an organization was set up called the
international monetary fund (IMF) which is an agency of the United Nation which claims that its reason for existence is to aid the third world countries in advancing the structural adjustment programs (SAP) aimed at developing the African country to international standard, but in the real sense, it worsened the African economic problem by cursing Africa rather curning Africa from its economic slanbles.
Table of Contents
Title Page----------------------------------------------------i
Approval Page-----------------------------------------------ii
Dedication------------------------------------------------iii-iv
Acknowledgement----------------------------------------v-ix
Abstract--------------------------------------------------x-xiv
Table of Contents-------------------------------------xv-xvii
1.1 Background of the Study---------------------------1 -3
1.2 Statement of the Problem---------------------------3-6
1.3 Objective of the Study----------------------------------6
1.4 Literature Review ------------------------------------7-23
1.5 Significance of the Study---------------------------23-24
1.6 Theoretical Framework-----------------------------24-34
1.7 Hypotheses-----------------------------------------------34
1.8 Methods of Data collection and Analysis------------35
1.9 Scope and Limitations of the Study-------------------35
1.10 Operationalization of Concepts------------------36-37
2.1 The slavery Era in Africa-------------------------38-51
2.2 The Colonial Process------------------------------52-60
2.3 The predominant existence of Compradors-----61-68
3.1 The Nature of Africa Economy-------------------69-80
3.2. Foreign Aid Conditionalites ---------------------81-88
3.3 Prevalence of mismanagement and miss application
of funds in Africa-----------------------------------88-90
4.1 The Strategy for Indigenization-------------------92-98
4.2 The Strategy for War against Corruption--------98-103
4.3 The strategy for Neoliberal Reform--------------103-107
5.1 Summary----------------------------------108-110
5.2 Conclusion--------------------------------110-111
5.3. Recommendations-----------------------112-113
Bibliography-----------------------------114-116
