Published Paper Details:

IT IS GENERALLY UNDERSTOOD THAT POOR ECONOMIC GROWTH IN NIGERIA REQUIRES SOLUTIONS FROM VARIOUS THRUSTS SUCH AS REFORM OR POLICIES THAT ARE MORE MARKET-ORIENTED, POLICIES ON THE APPLICATIONS OF APPROPRIATE TECHNOLOGY, POPULATION AND EMPLOYMENT POLICIES, AS WELL AS MACROECONOMIC POLICIES. NUMEROUS ECONOMIC STRATEGIC PLANS AND REFORMS HAVE BEEN INITIATED IN NIGERIA FOR DIVERSIFYING THE SOURCE OF REVENUE OF THE ECONOMY; MOST OF WHICH HAVE LASTED WITHOUT ANYTHING MUCH TO SHOW WITH REGARD TO THE COUNTRY'S ECONOMIC DEVELOPMENT. THUS, THIS STUDY EXAMINES THE LINKAGES BETWEEN THE APPLICATION OF ECONOMIC LIBERALISM (AN INTERNATIONAL POLITICAL ECONOMY THEORY) AND ECONOMIC GROWTH AND SUBSEQUENT ECONOMIC DEVELOPMENT IN NIGERIA. USING DATA FROM THE EXISTING DOCUMENTS ON THE TOPIC IN QUESTION, THE STUDY FINDS THAT ONE OF THE VERY SIMPLEST AND VIABLE MEANS OF IMPROVING NIGERIAN ECONOMIC GROWTH IS EMBRACING THE POLICY OF ECONOMIC LIBERALISM THAT NECESSITATES TRADE LIBERALISM FOR FREE EXCHANGE OF GOODS, SERVICES AND IDEAS ACROSS THE GLOBE. THUS, THE STUDY RECOMMENDS ALONGSIDE OTHER RECOMMENDATIONS THAT THE FEDERAL GOVERNMENT SHOULD REVISIT ITS POLICY OF BORDER CLOSURE THROUGH WHICH VARIOUS COMMODITIES THAT ARE NECESSARY FOR THE DEVELOPMENT OF THE COUNTRY ARE BARRED FROM COMING INTO THE COUNTRY.