Sustainable Management of Critical Resources In Nigeria: Balancing Technological Advancement, Economic Growth, And National Security
Abstract
This study investigates the sustainable management of Nigeria’s critical resources, focusing on the integration of technological advancements, economic growth, and national security. Given Nigeria's heavy reliance on oil, the study addresses the challenges of resource management, including corruption, environmental degradation, and economic diversification. The aim is to propose strategies that balance these factors, ensuring long-term stability and prosperity. Methodologically, the study employs a comparative literature review as well as analysis of resource management practices in Nigeria and other resource-rich nations such as Angola, Ghana, South Africa, Norway, Canada, and Australia. This approach allows for the identification of best practices and lessons applicable to Nigeria. The results reveal that while modern technologies like remote sensing and blockchain can enhance efficiency and transparency in resource management, their implementation is hindered by infrastructural and financial challenges. Moreover, the study highlights the necessity of economic diversification and robust environmental governance to reduce Nigeria’s dependency on oil and mitigate associated social inequalities. The study recommends adopting governance reforms, strengthening environmental regulations, and enhancing local content policies to ensure equitable resource distribution and sustainable development. These strategies, if implemented, will align technological advancements with economic growth and national security objectives.
Keywords
References
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