Oil Production and the Nigerian Economy

From the middle 1980s, there has been a debate as to whether natural resource abundance is a blessing or a curse to the economy of nations endowed with same.Evidence seems to show that natural resource abundance do not really make for economic prosperity, though there has been scanty evidence for the reverse. In the case of crude oil abundance and production in Nigeria, this book throws up fascinating evidence, pointing to the fact that, while the both extremes of the resource curse hypothesis may hold in countries, the validity or otherwise depends on a number of factors... a unique departure from the status quo.