Contents

Section 1:
Background

Section 2:
Theoretical Literature
2.0 Introduction
2.1 Linear stages of Growth Model
2.2 Structuralism
2.3 Dependency Theory
2.4 Basic Needs Theory
2.5 Neoclassical Theory
2.5.1 Structural Adjustment
2.6 Post Development Theory
2.7 Sustainable Development
2.8 Human Development Theory
2.9 Participatory Development Theory
2.10 Constraints to Growth and Development
2.10.1 Growth Diagnostics
2.10.2 The resource Curse Theory
2.10.3 Acemoglu's Growth Constraint Hypothesis

Section 3: Historical Review of Nigeria's Quest for Development
3.0 Introduction
3.1 Nigeria's Quest for Development in the Pre and Post-Colonial Period (1880-1950)
3.2 Nigeria's Quest for Development in the Intemal Self Govemment Era (1951-1960)
3.3 Nigeria's Quest for Development in the Early Post-Independence Nigeria (1960-1980)
3.4 Nigeria's Quest for Development (1980-2018)
3.4.1 Agricultural Sector
3.4.2 The Oil Sector
3.4.3 The Industrial Sector
3.4.4 Telecommunications Sector
3.4.5 The Infonnal Sector
3.5 Historical Wrap-Up

Section 4: Natural Resource Endowment of Nigeria
4.1 Introduction
4.2 The Lists of Natural Resources of Nigeria, by States
4.3 Profile of Some Solid Mineral Deposits in Nigeria

Section 5: Stylized Facts on the Nigerian Economy
5.1 Introduction
5.2 Commodity Export: Processed and Unprocessed Commodities
5.3 Sectorial Contributions to Gross Domestic Product (GDP)
5.3.1 Agriculture
5.3.2 Industry
5.3.3 Manufacturing
5.3.4 Trade
5.3.5 Services
5.3.6 GDP Growth rate
5.3.7 Oil Revenue as a Percentage of Total Government Revenue
5.3.8 Tax Revenue as a Percentage of Total Govemment Revenue
5.3.9 Unemployment Rate
5.3.10 Inflation Rate
5.4 Global ranking of the Nigerian Economy

Section 6: How “Aspirin Solutions", “Benefit Capture" and “Corruption” Limits the Growth and Development in Nigeria
6.1 Some Contemporary Leading Growth
6.1.1 Acemog1u's Growth Limiting Hypotheses and Haussmann and Rodrik‘s Growth Diagnostics Argument
6.1.2 The Leadership Debate
6.2 Result of the Growth and Development Limiting Diagnostics in Nigeria
6.2.1 "Aspirin Solutions"
6.2.2 “Benefit Capture”
6.2.3 “Corruption”
6.3 Empirics of the Nexus between Corruption and Development
6.3.1 The Demand and Supply of Corruption
6.4 Strategies to Eradicate “Aspirin Solutions”, “Benefit Capture” and Corruption in Nigeria
6.4.1 “Aspirin Solutions”
6.4.2 “Benefit Capture
6.4.3 “Corruption”
6.4.3.1 Demand for Corruption Limiting Policies
6.4.3.2 Supply for Corruption Limiting process

Section 7: Some Quick Economic Re?ation Suggestions for Akwa lbom State Government

Section 8
Conclusion
References

Appendix 1
Corruption Perception Index Table
Appendix 2
Benefit Capture Model
Appendix 3
Aspirin Solutions Model
Appendix 4
Table 5.1 (Some Key Variables of the economy)
Appendix 5
Regression Results
Appendix 6
Table 6.1 (Diagnostic Matrix)
Appendix 7
Table 6.1 (World Bank Funded Programs in Nigeria)
Appendix 8
Table 6.2 (Diagnostic Matrix for Nigeria)
Appendix 9
Abstracts of Lecturers selected works