Globalization

Man has progressed over time - from hunter-gatherer, to nomad, through agricultural improvements to the development of villages and cities in each region. There have been improvements in technological skills - from wheels, kilns, sails, architecture, to new professions like weavers, masons, shipbuilders, and goldsmiths. Irrigation, ploughing, pottery, and accounting are skills that led to development. Mining, oil, and gas have also been drivers for trade. Development occurred when it became possible to produce more food than for local consumption. The invention and development of matters such as coinage, language, and political and legal systems allowed a framework and a context for many nations. These allowed some degree of commonality between different states.

Abstract: Globalization has transformed the world into a global village. Nigeria with current democratic dispensation from 29th May 1999 under the leadership of Chief Olusegun Obansanjo (GCON) has made bold efforts in liberalization and deregulation of the economy in line with current global trends. However, Nigeria is handicapped in this drive on account of the current state of poor infrastructural facilities, the hydra headed corrupt practices within the economy, very high level of wastage and leakages within the economy and the over reliance on crude oil export as the current main stay of the economy. Nigeria is yet to reap the benefits accruing from e-government, e-commerce, tele-education/tele-training, tele-medicine/tele-health, etc.

Nigeria needs to clear above impediments before it can actively participate in the current globalization drive. People around the world are more connected to each other than ever before. Information and money flow quicker than ever. Products produced in one part of a country are available to the rest of the world. It is much easier for people to travel, communicate and do business internationally. This whole phenomenon has been called globalization.