Rethinking Afriruralization for fiscal policy of economic sustainability of Nigeria: Interrogating François Perroux’s growth poles theory.

Abstract

Migration today occurs because of urbanisation and industrialization at varied degrees in every country for a better life. This paper thus focuses on the process of implementing fiscal policy of economic ruralisation development through the pragmatism of glocal contents for an economic sustainability. Thus, using the concept of Glocalization or Glocalization (a portmanteau of globalization and localism) in the simultaneous universalizing and particularizing Afriruralization tendencies in contemporary social, political, and economic systems. The question how Afriruralization can influence its realisation in countries like Nigeria require urgent interrogation. In interrogating François Perroux’s growth poles theory, this work presents arguments in support of the proposition that Afriruralization is an inevitable component of the development process, through diversification which necessarily could result in propitious stimulus. This wave of analysis could bring about what we termed glocal afriruralization theory. With value-laden policies, this process can occur at a socially acceptable level. However, given the distortion of opportunities in favour of cities in most developing countries, Nigeria not excluded, the costs of livelihood associated with urbanisation often offset the benefits, leading to disproportionate ruralisation. To this end, glocal Afriruralization theory which is back to baseruralisation is the option for reinventive, creative and resourceful diversification development culture needed for growth.