Abstract

Given the robust reputation of Nigeria in Africa, as a continental giant, and the need to harness the potentials of the nation to strategically reposition her economy on the global map in the 21st century, the nation is in dire need of speedy development. With a population of over 160 million, the country is blessed with both human and natural resources. Like other African countries, Nigeria has had her fair share of colonial experience which ended on October 1st, 1960 when the nation was granted independence by the British government. Nigeria’s independence is undoubtedly a political phenomenon as the nation still largely depends economically and socially on foreign nations especially developed countries like Britain, America and China.