Acta Politica Polonica

Previously: Zeszyty Naukowe Uniwersytetu Szczecińskiego. Acta Politica


ISSN: 2451-0432     eISSN: 2719-4388    OAI    DOI: 10.18276/ap.2025.59-02
CC BY-SA   Open Access   DOAJ  ERIH PLUS  DOAJ

Issue archive / 1/2025 (59)
Globalization and the imperativeness of local development in Nigeria

Authors: Dauda Morakinyo
Osun State University, Osogbo

Nureni Adekunle LAWAL
Osun State University, Osogbo, Osun State, Nigeria

Aremu Akintunde AKINTAYO
Osun State University, Osogbo, Osun State, Nigeria

Ayinla Jamiu RAHEEM
Osun State University, Osogbo, Osun State, Nigeria

Theophilus Tobi ONEWO
Osun State University, Osogbo, Osun State, Nigeria
Keywords: globalization local contents positive negative Nigeria
Whole issue publication date:2025
Page range:10 (21-30)
Klasyfikacja JEL: J60
Cited-by (Crossref) ?:

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Abstract

Purpose – The study seeks to determine how Nigeria can increase its positive impacts rather than negative ones, such as neo-colonialism, on the imperatives of globalization in the areas of the local economy, sociocultural factors, customs, among others. Methodology/approach –This study employed a qualitative research design, gathering and analysing qualitative data from contemporary and archival sources. Findings – It was found that a number of factors, including Nigeria’s share in global trade, investment, and finance in terms of the total quantum of inward and outward flows of resources, can be used to determine and measure the contribution of the Nigerian economy to the global economy and the benefits accruing to the economy from Nigeria’s interactions with other nations. The competitive advantage of Nigeria in the global economy is dependent on what Nigeria has to offer to the rest of the world. Practical implications – This study provides sufficient insights into how Nigeria can increase the positive outcomes rather than the negative ones, particularly in terms of the development of local content and production.
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