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Lookup NU author(s): Dr Jesse Salah Ovadia
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There has been considerable growth in the past few years in the number and size of Nigerian companies providing services to the oil and gas industry. The capacity of these companies, enhanced by local content policy, will not only create economic development in the industry, but will also likely boost the development of Nigeria’s manufacturing and service economies. While ‘Nigerian content’ faces many challenges in terms of implementation, it has made and will continue to make a significant impact on the economy of Nigeria and may also be making a significant impact on the political economy. Powerful interests have helped ensure that the Nigerian elite will be the primary beneficiaries of Nigerian content. Through interviews and case studies, this article argues that by embracing Nigerian content as a new strategy of accumulation, the elite are creating more capitalistic social relations of production in Nigeria.
Author(s): Ovadia JS
Publication type: Article
Publication status: Published
Journal: New Political Economy
Year: 2013
Volume: 18
Issue: 2
Pages: 258-283
Print publication date: 24/05/2012
ISSN (print): 1356-3467
ISSN (electronic): 1469-9923
Publisher: Routledge
URL: http://dx.doi.org/10.1080/13563467.2012.678822
DOI: 10.1080/13563467.2012.678822
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