| Abstract: | In view of the great importance being attached to the need for self-reliance, it becomes pertinent to ask what exactly would a programme of development through self-reliance mean for a less developed country such as Nigeria, and what in fact are the possibilities of carrying it out through comprehensive planning and social engineering? Assuming a purely quantitative view of the growth process, the author indicates, within the analytical framework of the foreign exchange gap theory, that, contrary to the thinking of Nigeria's policy-makers, the limiting constraint in the country's growth is foreign exchange, not executive capacity. In addition, Nigeria's present pattern of industrialisation does not adequately come to grips with the fundamental problem of raising the social capacity of the country to solve its own technological problems through its own effort. An indication of the direction which the proper strategy should follow is given. Notes. |
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Leiden University catalogue
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