The Nigerian government is so consumed with the exploration and production of oil it is forcing its country to fail in other developmental aspects. In order for an economy to grow it cannot only be reliant on one source of income. The Nigerian people have a thriving agriculture sector but the sector is not able to develop because it cannot compete with the oil industry. The oil industry has taken over the Nigerian economy and government so much that as independent centers of economic and governmental activity there is no chance in surviving. In 1972-1973 oil revenues were thriving but the government choose not to reinvest the oil revenues in order to grow and diversify the non-oil economy.
The fate of Nigeria’s economy was so closely related to the oil industry, Nigeria per-capita gross domestic product was a reflection of its oil revenue during the 1970’s to the 1990’s. While reading this information I began to think about how it related to other articles we have read and even though in a different context I think the Nigerian government alike most of us is consumed and blindsided by the short-term gains of revenue from oil production. If the government in 1970 could of looked at the bigger picture and taken a long term approach on developing his economy not only could he have created a booming oil exploration and production economy but developed other aspects of its country as well.