How Globalization Train is Overrunning Nigeria

A member of the World Trade Organization for the past ten years, Nigeria should be well-situated to reap the benefits of free trade. Yet thanks to a set of domestic and international factors, the country may even be sliding backwards. In an interview with Nigerian newspaper This Day, development expert Bankole Olubamise argues gloomily that much has gone afoul in Africa's most populous nation. Market liberalization has devastated local industries. Instead of helping Nigeria's many farmers, internationally-backed policies on agriculture have made their plight all the more dire. Public sector, private sector, and civil society at large are to blame for misunderstanding economic reforms and not responding effectively to the call of globalization. – YaleGlobal