The Effect of American’s Smart Power Approach and Nigeria Economic Recession, Issues and Prospects

Maminat. S. Tenuche, Daniel Michael

Abstract


America smart power approach and Nigeria economic recession discourses the effect of smart power on Nigeria economic recession. Nigeria and America had enjoyed all manner of relationship ranges from commercial, political and cultural values. This relationship between them reached a certain climax in 2010, but later decrease in the last four years. The decline in trade relations were because Nigeria refuse signatory to gay marriage proposed by America government. Thus, America adopted smart power approach to compel Nigeria signatory to gay marriage, proposal. The paper examines the effect of smart power on Nigeria economic recession. Data for this paper were drawn from secondary source mainly from the library and Nigeria dailies. Historical analysis were also analyze via content analysis. The paper finds that Nigeria over dependant of single commodity, increases weight of economic recession that create inflation, unemployment, high cost of living and reduction in taxation. Thus, the paper recommends that Nigeria government should imbibe on diversification of economic policy from producer of raw material to producer of finished goods to attract various trade relations; this is set out to weaken the America economic dominance in international politics.

Keywords


Smart power; Economic recession; Soft and hard power

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DOI: http://dx.doi.org/10.3968/11061

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