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Nigeria And The Perennial Problem Of Governance: Explaining State Failure In The Midst Of Abundant Resources, Omololu Toluwanimi Omololu

Omololu Michael FAGBADEBO

Nigeria’s abundant wealth is sufficient to make it one of the effective states in the African continent. However, the excess resources, like the sugar in the blood stream of a diabetic patient, serve no positive purpose for the teeming population. Poverty and hunger are the principal characters of the Nigerian state with attenuated crises affecting the socio-economic well - being of the people. While Nigeria ranks among the highest producers of crude oil in the world market, it also leads in the classification of countries in distress. Corruption and mismanagement of the abundant resources, coupled with the insatiable appetite of …