Annals of the Social Science Academy of Nigeria 1(1) 1997 DOI: 10.36108/ssan/7991.09.0150
THE NIGERIAN STEEL SECTOR IN THE GLOBAL STEEL INDUSTRY
Daniel A. Omoweh
Nigerian Institute of International Affairs Lagos, Nigeria.
Abstract
This paper examines the nature and process of the re incorporation of the Nigerian steel sector into the world capitalist steel industry, and analyses its Consequences for the country’s deepening industrial backwardness. It argues that the Nigerian State has, on account of its capitalism, collaborated with the steel transnational corporations to undermine the country’s steel sector It submits that unless the State rethinks both its approach to steel development and current strategy of industrialization, Nigeria’s capacity to achieve autonomy m technology development will remain a failure. The article is partially based on information observed/collected during the author’s field trips to the DSC, the Steel Rolling Mills and some, capital goods producing companies.