Heidegger's 'potentiality-for-being': Towards adequate economic development in Nigeria

Abstract

Even though Nigeria no longer remains so, in 2014 the country was declared 'Africa's biggest economy' on the basis of its gross domestic product (GDP). It is a reality that many Nigerians still suffer deprivation and abject poverty. I argue that, as opposed to using GDP as a sole measure, multiple determinants need to be considered in order to convincingly validate the claim that Nigeria is Africa's biggest economy because it was largely based on measurable economic output rather than the well-being of the populace. Using Martin Heidegger's philosophy to question the structures in Nigeria which undermine 'potentiality-for-being', I show how Heidegger's philosophy proffers possible solutions on how best to actualise proper potentiality-for-being. I also illustrate how the GDP of Nigeria is largely based on population and not on economic well-being. Lastly, refuting the use of GDP as the only determinant for economic progress, I propose the Heideggerian potentiality-for-being as a...