Academic journal article The Journal of Pan African Studies (Online)

Nigerian Capitalism

Academic journal article The Journal of Pan African Studies (Online)

Nigerian Capitalism

Article excerpt

Schatz, Sayre P. Nigerian Capitalism. Oakland, CA: University of California Press, 2018, pp.308, ISBN: 9780520302976.

Referring to Nigeria's economic development strategy as "nurture-capitalism," the author contrasts the role of private enterprise, which is expected to foster growth of the productive sector of the economy, with the government's role, which is to nurture the capitalist sector generally and to favor indigenous enterprise in particular. Hence, the author examines the development of Nigerian nurture-capitalism from 1949 to the launching of and early experience with the Third Plan (1975-80), with emphasis on the post-civil war 1970s and turns to an intensive study of indigenous business and possible impediments to the development of Nigerian private enterprise, analyzing the role of capital availability, entrepreneurship, and the economic environment. …

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