The aim of this paper was to examine the possible ways of using Artificial Intelligence (AI) tools to curb the effects of resource curse on Nigerian economy, and ensuring accountability, transparency and efficiency in the management of Nigeria’s natural resource revenues. The study examined the resource curse theory and adopted Dutch disease theory whose features are equivalent to that of Nigeria, such as, appreciation of the exchange rate, decline of non-oil sector, and over dependence on the oil and gas sector at the expense of agricultural and services sectors. Literature review methodology was used to extract the views and contributions of different authors on the subject matter. The findings of the study revealed that Artificial Intelligence (AI) can be used to curb the effect of resource curse in Nigeria through improved transparency, economic diversification, predictive analytics, and optimized resource allocation. It was further revealed that AI-powered algorithms can be used to reduce waste and improve efficiency in resource extraction and utilization, promote accountability, assist in the monitoring of natural resource sales and resource revenues. The study further revealed that the effect of resource curse in Nigeria are incessant conflicts, especially in the Niger Delta region of Nigeria, economic sabotage on oil facilities, environmental degradation, corruption, over spending by government, widespread hunger and poverty, high rate of inflation, high rate of unemployment and over dependence on oil revenue. But with use of AI-powered techniques, effect of resource curse on Nigerian economy can be minimized. Based on the findings, it was recommended that Nigeria should leverage on the benefits of AI-powered techniques to promote accountability, transparency, efficiency, and also embrace diversification for sustainable economic growth and development, while ultimately curbing the resource curse in the country.
Table of Contents
1. Introduction
2. Statement of the Problem
3. The resource curse
4. Literature Review
5. Artificial Intelligence (AI)
6. Natural Resources
7. The Nigeria’s Economy
8. AI Techniques that can be used in resolving effects of resource curse
9. Resource Curse Theory or Paradox of Plenty
10. Ways of Using AI Tools to Curb Resource Curse on Nigerian economy
11. Accountability
12. Transparency
13. Efficiency
14. Methodology
15. Results
16. Discussion of Findings
17. Conclusion
18. Recommendation
Research Objectives and Themes
The primary aim of this paper is to investigate how Artificial Intelligence (AI) tools can be utilized to mitigate the negative impacts of the resource curse on the Nigerian economy, specifically focusing on fostering transparency, accountability, and efficiency in the management of natural resource revenues.
- Application of AI-powered technologies in natural resource management.
- Economic diversification as a strategy to reduce dependency on oil revenues.
- Overcoming the "paradox of plenty" through data-driven governance.
- Enhancing public accountability in the extraction and allocation of natural resources.
Excerpt from the Book
Artificial Intelligence (AI)
Artificial intelligence (AI) is the use of computer-based algorithms that can perform tasks that ordinarily require human knowledge, intelligence and experience to function, such tasks include, learning, problem-solving, decision-making, and perception assessments (McCarthy, 2007).
In order words, Artificial Intelligence (AI) is a replication of human intelligence in machine forms that are capable of thinking, learning and working like humans to solve human problems in a very short time. For AI to work, human inputs are required, and as such, a synergy between AI and human intelligence is required to harness the fast benefits of utilizing AI tools to resolve issues relating to natural resources accountability which emanates from the menace of resource curse theory.
Artificial Intelligence (AI) is a versatile tool that has universal applications across all subject areas in education, including natural resources accountability, transparency and efficiency. According to Russel & Norvig (2010), AI works by using algorithms and data to enable machines to perform tasks that normally require human intelligence. AI can perform its roles through the following processes:
Data Collection – AI systems gather data from different sources, such as sensors, databases, or user inputs. This shows that AI cannot perform its role without human inputs, meaning, the synergy is significantly needed for AI work.
Processing of Data – the data collected is analyzed using systems, which identify patterns, relationships, and trends for decision making by the human.
Summary of Chapters
Introduction: Provides an overview of the role of AI in harnessing hidden potentials and addresses the complex issues arising from the resource curse theory in Nigeria.
Literature Review: Discusses existing scholarly works on AI, the resource curse, Dutch disease theory, and the current state of the Nigerian economy.
AI Techniques that can be used in resolving effects of resource curse: Details specific technical approaches, including machine learning, deep learning, and natural language processing, as solutions to economic challenges.
Ways of Using AI Tools to Curb Resource Curse on Nigerian economy: Outlines practical applications of AI to improve transparency, promote economic diversification, and enhance revenue management.
Results: Synthesizes the findings of the study, confirming that AI has the potential to foster accountability and efficiency in the handling of natural resource revenues in Nigeria.
Keywords
Artificial Intelligence, AI, Resource Curse, Nigerian Economy, Natural Resource, Dutch Disease, Transparency, Accountability, Efficiency, Economic Diversification, Data Mining, Predictive Analytics, Governance, Sustainability, Machine Learning.
Frequently Asked Questions
What is the core focus of this research?
The research explores the potential of Artificial Intelligence (AI) to address the systemic challenges caused by the "resource curse" in Nigeria, with a focus on improving economic management.
What are the primary themes addressed?
The main themes include natural resource management, economic transparency, the "paradox of plenty," and the role of technology in policy-making and fiscal discipline.
What is the main goal of the paper?
The goal is to determine if and how AI tools can curb the negative effects of resource dependence by promoting accountability and optimizing revenue allocation in Nigeria.
What methodology does the author use?
The paper employs a qualitative research methodology based on an extensive review of existing literature and theoretical models regarding the resource curse.
What does the main body cover?
The main body examines the resource curse theory, the mechanics of Artificial Intelligence, the specific economic challenges in Nigeria, and practical AI-based workflows for better governance.
How are the key terms defined for this study?
The study uses established academic definitions for the Resource Curse (Paradox of Plenty), Dutch Disease, and Artificial Intelligence as a tool for synergistic human-machine decision-making.
How does the author propose to use AI for transparency in Nigeria?
The author suggests using AI-powered automated monitoring, real-time reporting, and open data platforms to track resource extractions and curb revenue siphoning.
Does the paper offer specific policy recommendations?
Yes, the author recommends that the Nigerian government move beyond theory toward the practical adoption of AI-powered technologies to diversify the economy and ensure fiscal accountability.
- Arbeit zitieren
- Moses Akpan (Autor:in), 2025, The Role of Artificial Intelligence in Curbing the Effects of Resource Curse on Nigerian Economy, München, GRIN Verlag, https://www.grin.com/document/1588224
