Nigeria's Economic Reforms
Nigeria's Economic Reforms

Author: Ngozi Okonjo-Iweala

Publisher:

Published: 2007-06-01

Total Pages: 28

ISBN-13: 9780979037658

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"Following years of economic stagnation, Nigeria embarked on a comprehensive reform program during the second term of the Obasanjo administration. The program was based on the National Economic Empowerment and Development Strategy (NEEDS) and focused on four main areas: improving the macroeconomic environment, pursuing structural reforms, strengthening public expenditure management, and implementing institutional and governance reforms. This paper reviews Nigeria's recent experience with economic reforms and outlines major policy measures that have been implemented. Although there have been notable achievements under the program, significant challenges exist, particularly in translating the benefits of reforms into welfare improvements for citizens, in improving the domestic business environment, and in extending reform policies to states and local governments." The authors argue that the reform program must be considered as 'initial steps on a long journey'; consequently, they have outlined a number of outstanding issues that need to be addressed by future Nigerian administrations.

Fostering Innovations to Deepen Africa's Public Sector Reform Agenda
Fostering Innovations to Deepen Africa's Public Sector Reform Agenda

Author: Samuel Aderemi Igbatayo

Publisher:

Published: 2018

Total Pages: 14

ISBN-13:

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In general, three waves of public sector reforms have emerged in Africa over the past three decades. The first generation was implemented as part of the Structural Adjustment Programme (SAP) at the beginning of the 1980s. The aim of the reform was to provide conducive environment for private sector development; the second generation of public service reform focused on capacity building for improved service delivery. The third generation amplified service delivery, in a development prompted by the inadequacies of the first and the second wave of reforms. This study employs Ethiopia and Nigeria as case studies. Ethiopia has emerged from decades of civil war; famine and chronic poverty to embrace PSR as an essential component as the nation's economic reform agenda, with the country showing considerable improvements on governance indicators. The nation's strong economic performance, attributable to economic reforms, has continued for the tenth consecutive year, with real Gross Domestic Product (GDP) growth estimated at 9.7% in 2012/13. Nigeria has also embraced PSR as a cornerstone of its economic reform agenda. The nation's economic output also featured robust growth in 2013, estimated at 7.4% of GDP, up from 6.5% in 2012. The major objective of this study is to shed light on Africa's Public Sector Reform agenda, which reveals both challenges and opportunities. The paper employs empirical data in the study, revealing a robust public service reform agenda across Africa, with Ethiopia and Nigeria as case studies.

Economic Reforms and Nigeria's Political Crisis
Economic Reforms and Nigeria's Political Crisis

Author: Rose Umoren

Publisher:

Published: 2001

Total Pages: 244

ISBN-13:

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The central thesis of this book challenges the view that Nigeria's economic and politcal crises are functions of a self-imposed paralytic political framework; rather they stem from unfavourably fashioned economic reforms. By extension, the military quashing of the 1998 elections was not the cause, but the trigger of the ensuing political crisis, which was rooted in externally imposed economic strategies. This is supported by a review of official data from the World Bank, and the IMF's interventions and structural adjustment during the period. The conclusions are intended to inform policy-makers and professionals in the search for more focused economic strategies. Futher, the findings can be extrapolated to better inform other structurally adjusted African countries.

Administrative Reform and National Economic Development
Administrative Reform and National Economic Development

Author: Kuotsai Tom Liou

Publisher: Routledge

Published: 2017-10-19

Total Pages: 268

ISBN-13: 1351792350

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This was first published in 2000: Economic development has become one of the popular public policies in many developing and economic-transforming countries for the past few decades. Public policy makers and researchers have recognized that an effective administrative system is critical to the success of economic development and administrative reform is necessary to promote economic development. This book studies economic development policy by focusing on the relationship between administrative reform and economic development.

OECD Investment Policy Reviews: Nigeria 2015
OECD Investment Policy Reviews: Nigeria 2015

Author: Organisation for Economic Co-operation and Development

Publisher:

Published: 2015

Total Pages: 232

ISBN-13: 9789264239869

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Since the return to democracy in 1999, Nigeria has embarked upon an ambitious reform programme towards greater economic openness and liberalisation. As a result, gross domestic product growth picked up consistently, never going below 5% since 2003. Nigeria has become a top recipient of foreign direct investment in Africa, with inflows having surpassed those to South Africa since 2009. The federal government's Transformation Agenda recognises private sector development as the main engine for economic growth and includes bold investment reforms. Growth has however not yet been translated into inclusive development and the investment climate still suffers from severe challenges. This Investment Policy Review examines Nigeria's investment policies in light of the OECD Policy Framework for Investment (PFI), a tool to mobilise investment in support of economic growth and sustainable development. It provides an assessment and policy recommendations on different areas of the PFI: investment policy; investment promotion and facilitation; trade policy; infrastructure investment; competition; corporate governance and financial sector development. It also includes a special chapter analysing the PFI in Lagos State. The Review follows on the request addressed by the Minister of Industry, Trade and Investment of Nigeria to the OECD Secretary-General in December 2011. It has been prepared in close co-operation with the Federal Government of Nigeria and Lagos State Government.