Abstract

Author:

Chimdiya Onyeka, Paulina Onyeka

Doi: 10.26480/seps.01.2023.01.10

This is an open access article distributed under the Creative Commons Attribution License CC BY 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Nigeria’s emerging economy has gone through a number of phases and dependencies since independence in 1960 and is currently Africa’s largest economy. The majority of government revenue comes from oil but the oil economy presents a lot of challenges not least from a sustainability perspective. Partly to address some of these challenges, Nigeria has also gone through various internal and global development programmes including the Millennium Development Goals and currently the Sustainable Development Goals – with varying degrees of performance recorded. This study systematically reviews Nigeria’s history with these targets and makes economic diversification recommendations based on the findings. Specifically, the study uniquely and chronologically evaluates the evolution history of the Nigerian economy and for the first time, presents a much-needed analysis of rapid diversification potentials for Nigeria underpinned by an established and innovative sustainability framework.