Political Economy
Since the creation of the Oron Union in 1925, Oron people are one of the most formidable and vocal groups in the Southern region of Nigeria. Oron is one of the three major political forces in Akwa Ibom State today.
Since the 1990s, Oron people have been trying to situate the Oron Union in a position to control its political and economic interests. In the past, the Oron Union put up such organizing structures as the Central Working Committee (CWC), Esumbuke Oron, and quite recently, the Oron Think-Tank initiative to address its political aspirations. Overall, Unions in Oron have achieved little success based on the political expectations of most Oron indigenes.
Oron is rich in natural resources including Oil and Gas. The area has high prospects for increased Oil exploration because it has been rated as having one of the highest natural gas deposits in sub-Saharan Africa.
Read more about this topic: Oron (state)
Famous quotes related to political economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)