The consequences of globalization on nigeria's economy

Globalization is indeed nothing other than continuation of imperialism. Despite the fact that, the third worldcountries (like Nigeria) derive economic benefits from globalization, but it is a clear testimony that, the negative consequences passes by globalization by the third world countries’ economyparticularly Nigeria's economy counteract its (globalization)benefits. Hence, the paper examines the heinous consequencesof globalization on the Nigeria's economy. In order to achieve these objectives secondary datacollection method is hereby adopted by the researchers. The paper concludes that so far Nigeria's economy enjoys little benefit from globalization of which as a result finds it economic development in an unbearable situation. The paper finally recommends that, promotion of exports, industrialization, and ensuring environmental security among others will of no doubt help Nigeria to achieve positive economic development under the current globalized world.