THE RECESSION AND RAWMATERIALS: A CASE OF THE UNITED AFRICA COMPANY NIGERIA LTD., 1981-86
THE RECESSION AND RAWMATERIALS: A CASE OF THE UNITED AFRICA COMPANY NIGERIA LTD., 1981-86
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Date
1987-11
Authors
BAMIGBADE, AEIF.bOLA IYABODE
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Abstract
This study is concerned with the current recession
and the problem of raw materials facing the Nigerian
industrial sector and the economy as a whole. It arose
out of the desire to understand the nature of industrial
accumulation in Nigeria and why the industrial sector
is susceptible to the raw materials Crissie There
is the urge to understand why, inspire of the abundant
resources, the Nigerian industries cannot harness the
local raw materials but had to depend on the world
market for vital production inputs. The country was
the supplier of raw materials during the colonial era
and the type of raw materials have provided the basis
for the industrial crisis at independence.
In going about this task, we decided to examine
the Nigerian economy and show both the internal and
external elements that have contributed to the problem
of raw materials and the current recession as a whole.
This would enable us place the economic crisis and
the problem of raw materials within their global context.
We have-focused on the UACN as our case study
in order to show its role in the recession and the
problem of raw materials in particular. Investigating
into the activities of UACN in the Nigerian economy
made it possible for us to analyze why it is prone
to the raw materials crisis. We also highlighted the
efforts of UACN in curbing the raw materials squeeze.
We also examined the state policies at solving the
current recession., and problem of raw materials in
the Nigerian economy.
The organisation of the study is as follows. In
chapter one we examined the various perspectives to the
understanding of the Nigerian recession and problem of raw
materials affecting the industrial sector and the Nigerian
economy as a whole. It is argued that the recession and
problem of raw materials is a long standing phenomenon which
should both traced to the structure of the Nigerian economy;
the way the economy was integrated in a subordinate position
in the economy.
In chapter two, we traced the development of Nigerian
economy from the precolonial to the post colonial mode of
production, distribution and accumulation. This formed
the basis for understanding the origin of the recession and
problem of taw materials in particular. Chapter three
examined the industrialization processes that developed in the
1940's, showing how the problem of raw materials was further
reinforced. This provides us with the background into the
raw materials squeeze of the industrial Sector . We also
examined the different measures employed by the Nigerian
state to solve the recession and its response to industrial
demands.
In chapter four, we dwelt into the historical evolution
of UACN in the Nigerian economy, inorder to identify the
main factors that have influences its activities in the
Nigerian economy its pattern of production process, bringing
out its role in the raw materials crisis. The fifth chapter
focuses on the activities of two manufacturing divisions of
UACN with a view to understanding their pattern of industrial
production and activities in solving the raw material crisis9
particularly in terms of harne-sing and utility local raw
materials. The summary of our findings, recommendations
and conclusions are outlined
Description
A Thesis submitted by the Post graduate school
Ahmadu Bello university in partial fulfillment
of the requirement for a master in
degree in political science
Department of political science
Faculty and arts and Social sciences
Ahmadu BELLO UNIERSITY
NOVEMBER, 1987
Keywords
RECESSION,, RAWMATERIALSM,, UNITED AFRICA,, COMPANY NIGERIA,