State and Globalization in the 21st Century Case of the Nigerian State

Abstract

 State is a social unit created for not profit realisation but to deliver necessary social goods to the general public. It is currently of note that globalisation has continued to question the principal responsibility of state within the economy. The state in Africa became restructured as a result of globalisation. The assertive and pervasive nature of this state was lost particularly in the management and allocation of resources in the economy. Africa has been most hard hit in this regard. No doubt African states with specific reference to Nigeria have actually been enmeshed in this very challenging situation. Thus, this paper tends to examine Nigerian state in the face of present globalising world with the adoption of various market reforms thereby reducing the role of state to a mere spectator within the structure and process of economy. The paper with the aid
of interventionist state theory, argues for active and effective state participation to address developmental issues that bother on poverty among others. The conclusion of this paper insists on dominant initiative of the state to redirect the economy in order to improve the well-being of the people in all ramifications.