Part 5 · 1 chapters · ~8 min

Military Rule and Oil

Gowon and the oil boom, the creation of states, the indigenisation decrees, Murtala Mohammed and Obasanjo, the 1979 return to civilian rule, the Second Republic and the 1983 coup, Buhari and Babangida, structural adjustment (1986), the annulled June 12, 1993 election, Abacha, the Ogoni and Ken Saro-Wiwa, oil's dominance of state revenue, and the transition of 1998-99.

6

Oil, coups and June 12

code
military and civilian governments, 1966-1999
 1966-1975  Gowon             oil boom; 12 states (1967), then 19 (1976)
 1975-1976  Murtala Mohammed  assassinated 1976
 1976-1979  Obasanjo          hands over to civilians
 1979-1983  Shagari           Second Republic; oil price falls
 1983-1985  Buhari            War Against Indiscipline
 1985-1993  Babangida         structural adjustment; annuls June 12, 1993 election (won by M.K.O. Abiola)
 1993       Shonekan          interim
 1993-1998  Abacha            repression; Saro-Wiwa executed 1995; dies 1998
 1998-1999  Abubakar          transition to the Fourth Republic

June 12, 1993: the presidential election, widely regarded as Nigeria's freest at the time, was won by M.K.O. Abiola and annulled by Babangida. Abiola was later imprisoned and died in detention in 1998. Since 2019, June 12 has been Nigeria's Democracy Day.

Max Siollun, Soldiers of Fortune: Nigerian Politics from Buhari to Babangida, 1983-1993 (2013); Karl Maier, This House Has Fallen (2000); Michael Watts on oil and the Delta; CBN and NNPC statistical bulletins.

OIL AND THE NIGERIAN STATE
oil's share of government revenue and exports (approximate, CBN and NNPC data)
oil share of exports (1960)~3%oil share of exports (1970s onward)~90%oil share of federal revenue (typical, 1980s-2010s)~60-80%oil share of GDP (recent years)~5-10%
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before oil
At independence Nigeria exported cocoa, groundnuts, palm produce and cotton; oil, first found at Oloibiri in 1956, was a small share of exports.
agriculture firstOloibiri 1956