Abstract
Nothing has perhaps confounded believers in the oil dream more than the recent setbacks to Western interests in Iran, the world's second largest oil exporter, whose Shah was not long ago predicting the rise of Iran as the fifth economic power in the world by the end of this century. At present (February 1979), the extent to which social contradictions were intolerably heightened by the oil export boom and the hollowness of the Shah's boast are only too apparent. This article seeks to examine the impact of the oil boom on tropical Africa's major exporter, the federal republic of Nigeria, with the hope of demonstrating related developments and conveying some sense of the dilemma in which Nigeria now finds itself. There may be no Ayatollah in Nigeria, but underlying problems that led to the Iranian crisis are manifest in Nigeria.
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