US Economic Policy Towards Nigeria: Implications, Pros & Cons

Abstract

Nigeria is the U.S. leading African trading partner. Not only is Nigeria a major power in West Africa, but it remains a major influence on economic and political power throughout the continent. Considering the mutual relationship that has been existing between Nigeria and United States, the U.S. government has enacted some enhanced economic policies that would buttress and fortify Nigeria’s economy. But despite the positive impression of U.S. economic policy towards Nigeria, it has been disparaged by some critics for being too passive in the face of Nigerian Government repression. U.S. economic policy in Nigeria has been perceived as a two edged-sword as it implications cannot be over-emphasized.  As Nigeria seems to enjoy the benefit, it swindles the nation’s socio-economic paradigm. This paper discusses the state of U.S. economic policy toward Nigeria, and its implications. It also elucidates the pros and cons of these policies to Nigeria.