ABSTRACT

This study examines the political economy of Nigeria –United States relations between 1999 and 2009. This study has both broad and specific objectives. The broad objective of this study is to examine the political economy of Nigeria –United States relations between 1999 and 2009. The specific objectives are as follows: To ascertain whether oil is the centerpiece of Nigeria –United States economic relation between 1999 and 2009; To find out if Nigeria – United States economic relations enhanced economic development in Nigeria within the periods under study. Though political economic framework could explain almost every situation in interaction of states, the theoretical framework for the analysis of Nigeria – US economic relations between 1999 and 2009 will be rooted on the dependency theory. This is because it enables us capture at a glance the dependent status of Nigeria in her economic relation with US. We validated the following hypotheses Oil is the centerpiece of Nigeria –United States economic relation between 1999 and 2009; Nigeria –United States economic relations has not enhanced economic development in Nigeria within the periods under study. The method of data collection for this study is observation of documentary evidence that deals with Nigeria –US relations. We heavily relied on secondary sources such as books, journals, articles, periodical, government reports and publications, magazines, unpublished manuscript, commentaries, and conference papers. Other data were collected through electronic sources such as television news broadcasting and radio news broadcasting and Internet materials. Again, we relied essentially on descriptive qualitative method as our methods of data analysis in this study. We also use simple percentages and tables graphs to buttress the arguments in this study.

TABLE OF CONTENTS Title Page………………………………………………………………………….ii Approval Page………………………………………………………………………iii Dedication…………………………………………………………………….……iv Acknowledgement………..…………………………………………………………v Table of Contents…………………………………………………………………..vi List of Tables………………………………………………………… …………viii Abstract……………………………………………………………………………ix CHAPTER ONE: INTRODUCTION – – – – 1 1.1 Background of the Study – – – – – – 1 1.2 Statement of the Problem – – – – – – 4 1.3 Objective of the study – – – – – — 6 1.4 Significance of the study – – – – – – 7 1.5 Literature review – – – – – – – 7 1.6 Theoretical Framework – – – – – – – 15 1.7 Hypotheses – — – – – – – – 18 1.8 Method of Data Collection/ Analysis – – – – – 19 CHAPTER TWO: OVERVIEW OF NIGERIA- UNITED STATES ECONOMIC RELATION – – – – – – – – – 20 2.1 First era (1960-1967): The Era of Emerging Economic Alliance — 20 2.2 Second Era. (1967-1970): Era of Nigerian Civil War – – 21 2.3 Third Era (1970-1983) Era of Oil Boom – – 22 2.4 Fourth Era (1983-1993) Era of Structural – – – 24 2.5 Fifth Era: (1993-1999) Era of Embargo on Nigeria oil – 25 2.6 Sixth era: (1999-2006) The Contemporary Era – – 26 CHAPTER THREE:OIL AS THE CENTRE- PIECE OF NIGERIA-UNITED STATES ECONOMIC RELATION – – – – – – -28 3.1 Dependency in Oil as source of revenue – – – – 28 3.2 US Oil Investments in Nigeria – – – – – – 29 3.3 US-Nigeria trade relation from 1999-2009 — – – 31 3.4 US response to conflicts in Nigeria: Variations in Oil related 7 and non-Oil related – – – – – – – 32 3.5 Linking Oil and US- Nigeria bilateral military ties – – – 36 3.6 Nigeria’s Investment on the Military/Security in readiness to Protect the oil region – – – – – 38 CHAPTER FOUR: NIGERIA – US ECONOMIC RELATIONS AND ECONOMIC DEVELOPMENT IN NIGERIA – – – – – – – 42 4.1 Issues of Domination – — – — — – 42 4.2 Issues of Security – – – – – – 43 4.3 Issues of dependency – – – – – 44 4.4 Issues of Foreign Direct Investment and technology transfer – -45 4.5 Issues of Terms of Trade – – – – – 46 4.6 Issues of repatriation of looted funds – – – – 56 4.7 Issues of environmental crimes of oil transnational corporation in the Niger Delta – – – – – – – – 57 CHAPTER FIVE: SUMMARY AND CONCLUSION — – – – 64 5.1 Summary – – – – – – – 64 5.2 Conclusion – — – – – – – – 64 5.3 Recommendations – – – – – – 65 BIBLIOGRAPHY – – – – – – – – 70