THE MARXIAN THEORY OF CLASS STRUGGLE AND ITS IMPLICATIONS FOR NIGERIA’S SOCIO-ECONOMIC DEVELOPMENT

Abstract

This research investigates the enduring relevance of Karl Marx’s theory of class struggle for the socio-economic framework of Nigeria. The Study confronts the persistent problem of socio-economic inequality in Nigeria, Karl Marx was against the inequalities and exploitative nature of capitalism during his time, Capitalism which was in trend, is a system that encourages class division, The Owners of means of production which are the bourgeois and the proletariats who are the workers are in constant strife. The bourgeois are interested in maximization of profit through the extra labor of the proletariats and this is the sheer imbalance of the system. The case of the Aba women riots of 1929, when the Market women protested against the oppressive rule of the colonial government, Also the numerous times, when the Academic Staff Union of Universities embarked on strike due to the poor working conditions and The Labour Congress, has countless of times push for balance in the policies of the government through strikes, rallies, and protest. The Researcher employed the method of Analysis, the findings of this study explicate the unequal distribution of wealth and resources in Nigeria, as well as the exploitation of the working class. This understanding can inform policies addressing economic disparities and promoting social justice.