Technological Dependence and Nigeria’s Role in the 21st Century Globalised Economy

Abstract

Nigeria’s adventure in global economic arena started since 1970s owing to oil boom of that era. Since then, Nigeria has witnessed consequential global economic relevance, on one hand, as well as formidable global economic challenges, on the other. However, this study argues that the reconfiguration of the world economy from oil based to technological based economy is responsible for Nigeria inconsequential role in the 21^st century technology-based economy given the country’s technological backwardness. The study investigates the implications of technological dependence on Nigeria’s role in the 21^st century globalised economy. The study was anchored on basic assumptions of post colonial state theory and utilised the secondary method of data collection largely drawn from relevant books, official publications, journal articles and internet resources. The study recommended a gradual delinkage from foreign technology and to promote a home-grown technology in line with citizen’s ideas, inventions, innovations as well as creativities in conformity with national socio-economic developmental objectives; like its Asian Tigers counterparts rather than continuous dependent on foreign technology for developmental survival. This will reposition the country towards global economic limelight as it were prior to the emergence of 21^st century technological based economy.