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 Periodical article |
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| Title: | Nigeria: the political economy of the Buhari regime |
| Author: | Dike, Enwere |
| Year: | 1990 |
| Periodical: | Nigerian Journal of International Affairs |
| Volume: | 16 |
| Issue: | 2 |
| Pages: | 86-116 |
| Language: | English |
| Geographic term: | Nigeria |
| Subjects: | political economy economic policy |
| Abstract: | This article critically examines the background to the fall of Nigeria's Second Republic on 31 December 1983, and the political economy of the succeeding Buhari regime. Its major themes are the character of the State power the Buhari regime attempted to install and exercise, the regime's perception of the Nigerian economic crisis and the policy package it evolved to resolve the crisis, and, finally, the domestic and external forces which led to the regime's collapse in 1985. The study argues that the regime's 'bonapartist' tactics alienated the entrepreneurial classes simultaneously as it antagonized the working classes, domestic forces which otherwise would have supported the regime's refusal to accept the IMF's solution to the economic crisis. Specific issues in public policy during this period were inflation, unemployment, and privatization. On the other hand, the regime's external economic policies were full of contradictions and inconsistencies: opposed to wholesale implementation of the IMF package, the regime was, nevertheless, unable to fashion an alternative to the IMF package. The regime fell because it was caught between two hostile forces, domestic opposition and external hostility from Nigeria's Western creditors. Ref. |