Dependent Capitalism: A Threat to the Development of Nigeria’s Automotive Industry

Peter Labe Atime and Michael I. Ugwueze

International Journal of Political Economy, 2025, vol. 54, issue 2, 268-288

Abstract: State intervention is critical to the development of automotive industry as previous studies have identified. However, Nigeria presents a unique scenario where government’s regulation of the market has yielded marginal results and total surrender of it to the forces of demand and supply has been very unsuccessful for industrial development. Building on this premise, this study investigates the contributions of dependent capitalism to the series of policy somersaults that have combined to undermine the growth of Nigeria’s automotive industry. Using qualitative primary data obtained from the field, the study argues that so long as the Nigerian economy thrives on global movement of capital without substantial initiative to sustain local contents, no amount of policy intervention will survive the pressure of foreign capital in Nigeria’s automotive industry. The implication is that the industry will likely continue to experience some significant challenges in the foreseeable future despite several positive projections.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.1080/08911916.2025.2522615 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mes:ijpoec:v:54:y:2025:i:2:p:268-288

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/MIJP20

DOI: 10.1080/08911916.2025.2522615

Access Statistics for this article

More articles in International Journal of Political Economy from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().