Untangling government, market, and investment failure during the Nigerian oil boom: the Cement Armada scandal 1974–1980

Hanaan Marwah

Business History, 2020, vol. 62, issue 4, 566-587

Abstract: The ‘Cement Armada’ was a major Nigerian government scandal which culminated in hundreds of cement-laden ships arriving en masse at Lagos, creating severe multi-year-long port congestion during the height of the 1970s oil boom. In spite of the scale of the scandal, its causes and consequences have received little attention from scholars. This article presents new research which suggests the Armada was one of several contributing factors to the extraordinary inflation in the price of construction during period. It places the scandal in the context of debates about corruption, organisational failure and a ‘resource curse’ in Nigeria.

Date: 2020
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DOI: 10.1080/00076791.2018.1458839

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