ECONOMICS, HIGHER EDUCATION AND SUSTAINABLE DEVELOPMENT IN 21ST CENTURY AFRICA, 2023

POLITICAL ECONOMY OF PREDATORY STATES AND SUSTAINABLE DEVELOPMENT IN SUB-SAHARAN AFRICA

Zekeri MOMOH
Abstract

Sub-Saharan countries such as Nigeria, the Democratic Republic of Congo, Equatorial Guinea and Gabon are among the leading oil-producing countries. But the inability of these states to use their natural resources for growth and development has become a problem for many people. This study attempts to examine the effects of predatory tendencies on sustainable development in subSaharan Africa. In addition, secondary data such as textbooks, magazines, internet sources, etc. were used in this study, while content analysis was used to analyze the data collected. This study found that oil-rich sub-Saharan African countries such as Nigeria, Angola, the Democratic Republic of the Congo, Equatorial Guinea, and Gabon are promoted in enclave production centers, particularly off the coast, allowing royalties and other agreements to be negotiated directly with foreign companies. This study also showed that government effectiveness, transparency and accountability, quality of regulation and the fight against corruption are weak in these states. In addition, technical restrictions such as inefficient contract negotiations, insufficient auctioning of subsidy rights, inefficient taxation, poor prioritization of public spending and the almost lack of transparency in the use of income are factors that are responsible for displacement tendencies in these countries. Finally, the leaders of predatory states in Africa employ various violent and non-violent strategies to manage their resources.

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