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You are here:Home>>Strategic Research & Analysis>>Colonialism failed Nigeria on wealth creation; Nigeria now depends on oil – Strategist Chiakwelu
Saturday, 26 May 2018 23:43

Colonialism failed Nigeria on wealth creation; Nigeria now depends on oil – Strategist Chiakwelu

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Emeka Chiakwelu Emeka Chiakwelu

University of Houston


United States based Nigerian economic strategist Emeka Chiakwelu and the founder of public policy center AFRIPOL has blamed Nigeria dire dependence on oil as a consequence of colonialism.


“Among the negative ramifications of colonialism is the inability to impact a legacy of wealth creation to Nigerians and her entity,” Chiakwelu the economic expert said.


Chiakwelu further emphasized, “Nigerian leaders tie and congregate the price of oil with the rate of development in the country. Instead of finding ways to create wealth, they are rather focusing their energy on the depleting oil resource that its impact on the populace is quite minimal. The thriving 21st century economies of United States, Japan and China are product of human capital and innovations. The wealth of nation in 21st century is not inside the ground but in the brain.”



The principal strategist at Africa Political and Economic Strategic Center (AFRIPOL) has gone into partnership with University of Houston in Texas to find solutions to alleviate the problems of poor wealth management and lethargic capital intensification in order to empower our leaders to speak the language of wealth creation and not squash in blame game.

“Nigerian leaders discussion on economy is devoid of economic understanding because they are not equipped with tools to rationally discuss on economy and wealth of a nation,” Chiakwelu registered as he spoke on the issue.

“Nigerian schools and institutions must be impacted with 21st century thinking on economy and wealth of a nation when it comes on how to pragmatically dislodged from oil dependence and rely on human capital and human resources to boost her economic standing.”

“Nigerian leaders are not trained to see the significance of her abundance human capital which can be drastically consummated to create massive wealth and lunch the nation as a center of innovation and research. But instead our leaders are worried about the fluctuation price of oil, unaware that the economy of oil is fast becoming antiquated without future promise,” as Chiakwelu re-emphasized.

Therefore series of lectures on trade, e-commerce, telecommunications, leadership and politics in Africa has been initiated by AFRIPOL and University of Houston.


The Strategic Policy Lecture Series is a joint initiative by the African Political & Economic Center (AFRIPOL) and the African American Studies program at the University of Houston to provide University of Houston students and Houston-area communities with high quality humanities programming, discussions and symposia around contemporary issues of trade, e-commerce, telecommunications, leadership and politics in Africa.  Through this initiative, AFRIPOL and African American Studies will provide the following benefits to UH students, faculty, and community participants:

· An introduction to the historic and regional nuances that impact trade, commerce and politics in Africa.
· A platform to facilitate inter-economic dialogue between African and African American communities.
· Exposure to first-hand narratives of the social, political and economic challenges and opportunities that face African countries through discussions with leading business persons and elected officials.
· A contemporary understanding and review of the role that trade and commerce play in promoting interdependence among African and African American communities.


AFRIPOL is foremost a public policy center whose fundamental objective is to broaden the parameters of public policy debates in Africa, and to advocate, promote and encourage free enterprise, democracy, sustainable green environments, human rights, conflict resolutions, transparency and probity in Africa.

Credits-  University of Houston, BBC

University of Houston

Last modified on Sunday, 27 May 2018 00:57

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