Professor John O. Ifediora is a distinguished Nigerian American economist with special emphasis on law and Economics, public policy analysis, and development economics. He is President of Council on African Security and Development and has lectured widely in his fields of specialty at various universities in the United States, including New York University, University of Maryland, American University, Washington, DC, and the University of Wisconsin. He has served as consultant to governments in Africa, and to state governments in the United States. In recent years, he advised Wisconsin Department of Revenue on its Tax Incidence Study, served as special consultant to the Federal Reserve Bank of Chicago, and advised Illinois State Senate on the economic impact of the state lottery on the economy of Chicago. He was a member of the Board of Trustees of Dakota Wesleyan University.
This book offers a compelling analysis of persistent economic underdevelopment in Africa, with Nigeria as a case study. Drawing on years of research, it explores how weak social institutions, self-serving governance, and mismanagement have undermined progress despite abundant resources. By contrasting Nigeria's experience with successful models from Southeast Asia, the book challenges conventional development strategies-particularly the overreliance on foreign direct investment. With evidence-based insights, it provides valuable guidance for policymakers, development practitioners, and anyone committed to fostering sustainable growth in Africa.
Despite internal efforts, and a generous influx of development aid from donor nations and international financial institutions
Nigeria’s existence as a nation is a paradox, born from British colonial expediency rather than natural unity.
Nigeria, like its oil-exporting counterparts such as Venezuela, Iran, Algeria, and to a lesser extent, Indonesia
Professor John O. Ifediora is a distinguished Nigerian American economist. He was born in Ogwashi-Uku in Delta State, Nigeria and spent his formative years in college campuses where his father Anthony E. Ifediora (born in Ozubulu, Anambra State), served as Principal in numerous colleges beginning with St. Columba’s College, Agbor. His mother Regina Ogiuzo Ifediora, born in Delta State, was a major distributor for five Nigerian breweries until she retired from active management of her company. Upon completing his primary school instructions at St. Charles Primary School, Ubulu-Uku, Ifediora went on to St. Anthony’s College, Ubulu-Uku, for his secondary school education. He has four siblings, two daughters and two sons. He is a naturalized US citizen.