Globalization, Governance, and Social Conditions of Nigerians in post-2023 election period

Abstract

It is an incontrovertible fact that Nigeria, just as every other nation, exists in a globalized world and its political economy is impacted by activities generated at the international sphere. These activities range from political, economic, socio-cultural, and environmental to religious milieus. This paper reflected on the post 2023election eco-system in Nigeria and argued that the appalling, deteriorating and dehumanizing social/material conditions of Nigeria cannot be devoiced form its integration into the international capitalist system. The paper adopted the dependency theory which argues that the poverty and wealth of nations can be situated in the context of the integration of Nigeria and other Third World countries into the international capitalist system dominated and controlled by the west. The paper utilized data from secondary sources such as journal articles, text books, internet materials, etc. and analyzed using content analytical technique. Analysis of the data revealed that the miss-governance or misapplied neo-liberal policies of the APC led government- much of which have been foisted on Nigerians by Bretton Woods institutions- which serve as global capitalist warehouses- have cascading effects on the social/material conditions of Nigerians manifesting in pervasive poverty, large scale unemployment, corruption, all time high inflation, insecurity and general underdevelopment. The paper recommended amongst other things, a remodeling or outright reversal of some of the neo-liberal policies adopted by the government in order to ease the suffering of the people and improve their social and material wellbeing.