Perspectives On Nigerias Economic Development Volume Ii

Nigeria has experienced significant economic progress since publication in 1999 of the first edition of Perspectives on Nigerian Economic Development. Two main drivers of this progress have been the beneficial return to democratic rule and the implementation of key economic reforms, particularly in pursuing external debt relief, implementing excess crude account to stabilize revenue volatility, introducing contributory pension schemes and taking steps to privatize key sectors such as telecommunications. This volume is focused on issues relating to good political and corporate governance and national development; budget and fiscal policy; the Nigerian financial and capital markets and banking. Part one deals with the issues of globalisation and how Nigeria can play in the emergent environment. Part two (Managing the Nigerian Economy), Part three (Strengthening the Nigerian Banking Sector and Part Four (Entrepreneurship and Corporate Governance) proffers ways and means of handling these intertwined aspects of national challenges. The final part - Key Sector Issues deals with three vital areas - Education, Transportation, and Oil and Gas.

The main aim of this chapter is to review the different perspectives of the structural transformation of the Nigeria economy as well as the effects of the various development policies on the economy. The structure of an economy is the institutional as well as organizational framework which determines how resources are owned, allocated and distributed in an economy. The alteration in the structure of the Nigerian economy in the desired direction should ensure the achievement of economic growth and development. The objectives and goals of Nigerian economic development are also highlighted to see how far the country has fared in her effort to achieve sustainable development and improvement of the welfare of the people.

In the chapters of this book which was first published in 1999, an attempt has been made to examine several aspects of the Nigerian banking and financial systems, capital market, economic development planning, budget and fiscal policy as well as the role of private sector in development. 32 chapters are included in seven parts which are entitled: The Way Forward; Planning and Economic Development; The Private Sector in Development; Issues on Budget and Fiscal Policy; The Nigerian Financial System; The Nigerian Banking System; and The Nigerian Capital Market.

The inadequacies of many past studies that have tried to highlight the causes of the persistent underdevelopment in developing countries—such as Nigeria—have been noted to derive mainly from the focus and, in some cases, the methodologies adopted by the researchers. It has been suggested that, although many researchers recognize the inability to reproduce sufficient profit as undermining the capitalist accumulation process (and as a result the development of an economy), they have nevertheless often tended to ignore the importance of the political-economic arrangement and historical factors in the formation of expectations about the rate of profit. Indeed, in some cases, they have failed to provide a substantive account of these critical variables. This book highlights how the inherent contradictions of the contemporary political-economic arrangement and some historical factors undermined the peculiar capital accumulation processes in Nigeria, which, in turn, has slowed economic development in the country. This book contributes to the field of Nigeria studies by filling gaps that exist in both theoretical and empirical literature on growth and development in the country, deviating from the orthodox approach of analysing the nation’s problems purely based on the factors internal to the country and by imposing ready-made theoretical logics on history. Rather, it studies Nigeria’s problems in juxtaposition with the world system and imposes historical evidence on theoretical logics. This book represents a good resource for both undergraduate and postgraduate courses on area studies. Researchers and policy-makers will also find it useful as a reference.

Discover Nigeria, Africa's most populous country, in this thematic encyclopedia that covers everything from geography and economics to etiquette and pop culture. Part of Bloomsbury's Understanding Modern Nations series, this volume takes readers on a tour of contemporary Nigeria, helping them better understand the country and the many cultures, religions, and ethnicities that call it home. Chapters are organized thematically, examining a variety of topics, including geography, history, government, economics, religion, ethnic and social groups, gender, education, language, etiquette, food, literature and the arts, and pop culture. Each chapter begins with an overview essay, followed by a selection of encyclopedic entries that provide a more nuanced look at that facet of modern Nigeria. The main text is supplemented with sidebars that highlight additional high-interest topics. A collection of appendices rounds out the volume, offering short vignettes of daily life in the country, a glossary of key terms, statistical data, and a list of state holidays. Once a pawn of British colonialism, today Nigeria is a sovereign nation and key player on the world stage. Its vast oil resources have made it an international powerhouse and the wealthiest country on the African continent, yet political unrest and corruption, and ethnic and religious violence continue to threaten this prosperity. Nigeria is equally rich culturally, a nation where time-honored traditions mix with contemporary influences. Explore the diversity of modern Nigeria in this concise and accessible volume.

The World Economy brings together two reference works by Angus Maddison: The World Economy: A Millennial Perspective (2001) and The World Economy: Historical Statistics (2003). This new edition contains Statlinks, so that readers can access the underlying data in Excel format.

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

How can institutions stimulate African local economic growth? After decades of poor economic growth, foreign aid-dependency, poor government policies and bureaucratic leadership by Africans in the 21st century, focus has increasingly shifted to the continent's business systems, entrepreneurship and governance. Also, the improving trade relations between Africa and the rest of the world has brought a renewed interest on the region's relatively slow economic growth. African Businesses and Economic Growth: Institutions, Firms, Practices and Policy examines policy approaches to economic liberalization and the effects of global forces and, in particular, how Africa can respond to globalization pressures in order to assume its rightful place in the global economy. Contributors to the volume, including researchers from East and West Africa, have examined the role of African institutions and firms, and the ways they impact on local economic growth. In particular, they analyse how African firms generate, share and transfer knowledge, the role of human capital on productivity, the role and impact of informal institutions on private sector and institutional development, firms` responses to laws and rules set by policymakers (the rules of the game) and the effect these laws and rules have on firms` development and strategies. The book also examines the role of non-governmental institutions, multinational firms, bilateral and multilateral institutions and how their activities and policies influence the structure and strategies of local firms and economic growth. Most of the contributors conclude that a full scale economic growth, liberalization and institutionalization across the African economies, though inevitable, are unlikely to be achieved overnight.

v. 2. Population, resources and development -- v.3. Ecological degradation of land