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Sustainable Growth and Diversification in the Nigerian Economy

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  • Okechukwu B. I. Udedibie

    (The Department of Social Sciences, the School of General Studies, Federal Polytechnic Nekede, Owerri, Imo State. Nigeria.)

Abstract

The inherent abnormality in Nigeria’s one-product economy, which has been a problem throughout the course of many years, was the topic of discussion in this study. In the article, the issue of the country’s excessive reliance on oil as its principal source of revenue was discussed. The country fell into a recession as a result of its overwhelming reliance on oil earnings, which caused the government to ignore the needs of other areas of the economy. In the paper, we discussed themes that are related to sustainable development, such as how the economy of the country needs to be diversified in order to have good governance. Concerns were recognised and brought up in conversation, and suggestions were emphasised.

Suggested Citation

  • Okechukwu B. I. Udedibie, 2023. "Sustainable Growth and Diversification in the Nigerian Economy," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(11), pages 223-230, November.
    • Handle: RePEc:bcp:journl:v:7:y:2023:i:11:p:223-230
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