….Suppose you were asked to write a proposal on economic situation in Nigeria for a presidential candidate for the upcoming presidential elections in Nigeria. Suppose further, that you have found that the main cause of the current economic problems in Nigeria is its enormous dependency on oil and inefficient management. What conclusions would you propose to develop? Do previous periods in history provide cases which offer “lessons” that the candidate has to pay attention on? Suppose further that you determine that the most effective way to present your proposal is to focus your study on economic theories and ideas (Adam Smith: theory of absolute advantages , David Ricardo: theory of comparative advantages , Heckscher-Ohlin Theory ). What economic ideas would you select as especially significant for, and representative of, the explanation of the economic situation in Nigeria and the provision of remedy to the current inefficiencies? Do ideas you bring up have sufficient explanatory power? Based on these ideas what policy recommendations would you propose for the candidate?