Globalization can be a successful concept or a downfall for a country. In Nigeria's case it has been a slow downfall. Economic globalization impacts the development and sustainability of the Nigerian economy in many ways, and as a result of that influence, Nigeria had suffered from economic inequality, a massive social underclass, and inadequate development.
Globalization has significantly affected Nigeria's economic growth through the decline of global foreign direct investment. These results imply that the dominant economic policies of the country need to be changed if the problems of unemployment, poverty, and inequality are to be alleviated. Social changes will result when political leaders respect and respond to the needs of the Nigerian citizens by controlling governmental economic reform and implementing new programs that will ensure their citizens access to better health, education, and opportunities for success (Publication Abstract).
Globalization has significantly affected Nigeria's economic growth through the decline of global foreign direct investment. These results imply that the dominant economic policies of the country need to be changed if the problems of unemployment, poverty, and inequality are to be alleviated. Social changes will result when political leaders respect and respond to the needs of the Nigerian citizens by controlling governmental economic reform and implementing new programs that will ensure their citizens access to better health, education, and opportunities for success (Publication Abstract).