Economic Diversification in Nigeria
Economic Diversification in Nigeria

Author: Zainab Usman

Publisher: Zed Books

Published: 2023-12-28

Total Pages: 0

ISBN-13: 1786993953

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Nigeria has for long been regarded as the poster child for the 'curse' of oil wealth. Yet despite this, Nigeria achieved strong economic growth for over a decade in the 21st century, driven largely by policy reforms in non-oil sectors. This open access book argues that Nigeria's major development challenge is not the 'oil curse', but rather one of achieving economic diversification beyond oil, subsistence agriculture, informal activities, and across its subnational entities. Through analysis drawing on economic data, policy documents, and interviews, Usman argues that Nigeria's challenge of economic diversification is situated within the political setting of an unstable distribution of power among individual, group, and institutional actors. Since the turn of the century, policymaking by successive Nigerian governments has, despite superficial partisan differences, been oriented towards short-term crisis management of macroeconomic stabilization, restoring growth and selective public sector reforms. To diversify Nigeria's economy, this book argues that successive governments must reorient towards a consistent focus on pro-productivity and pro-poor policies, alongside comprehensive civil service and security sector overhaul. These policy priorities, Nigeria's ruling elites are belatedly acknowledging, are crucial to achieving economic transformation; a policy shift that requires a confrontation with the roots of perpetual political crisis, and an attempt to stabilize the balance of power towards equity and inclusion. The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The Carnegie Endowment for International Peace.

Politics And Economic Development In
Politics And Economic Development In

Author: Tom Forrest

Publisher: Routledge

Published: 2019-09-11

Total Pages: 224

ISBN-13: 1000307409

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Since the end of civil war in 1970, Nigeria has struggled to build a stronger federal center and to reduce conflicts that have arisen from uneven development and from ethnic, regional, class and religious differences. This book provides a comprehensive account of the dynamic interplay between the political and economic forces that have shaped gover

Reforming the Unreformable
Reforming the Unreformable

Author: Ngozi Okonjo-Iweala

Publisher: MIT Press

Published: 2014-08-29

Total Pages: 211

ISBN-13: 0262526875

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A report on development economics in action, by a crucial player in Nigeria's recent reforms. Corrupt, mismanaged, and seemingly hopeless: that's how the international community viewed Nigeria in the early 2000s. Then Nigeria implemented a sweeping set of economic and political changes and began to reform the unreformable. This book tells the story of how a dedicated and politically committed team of reformers set out to fix a series of broken institutions, and in the process repositioned Nigeria's economy in ways that helped create a more diversified springboard for steadier long-term growth. The author, Harvard- and MIT-trained economist Ngozi Okonjo-Iweala, currently Nigeria's Coordinating Minister for the Economy and Minister of Finance and formerly Managing Director of the World Bank, played a crucial part in her country's economic reforms. In Nigeria's Debt Management Office, and later as Minister of Finance, she spearheaded negotiations with the Paris Club that led to the wiping out of $30 billion of Nigeria's external debt, 60 percent of which was outright cancellation. Reforming the Unreformable offers an insider's view of those debt negotiations; it also details the fight against corruption and the struggle to implement a series of macroeconomic and structural reforms. This story of development economics in action, written from the front lines of economic reform in Africa, offers a unique perspective on the complex and uncertain global economic environment.

Reflections on Industry and Economy
Reflections on Industry and Economy

Author: Aremu, Issa

Publisher: Malthouse Press

Published: 2015-06-20

Total Pages: 308

ISBN-13: 9785332101

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Vice president of the Nigeria Labour Congress, Issa Aremu, has been writing a column in the Daily Trust, Nigeria for several years and has been an occasional contributor to a number of other Nigerian publications. Covered in this volume: Prof. Aremu examines the decades of turbulent socio-economic developments in a rapidly globalising world. The Federal Ministry of Finance and the Central Bank of Nigeria come into sharp focus in a wide-ranging critique of monetary policies, especially exchange rate regimes, debt equity and management of external reserves, the regulation of banks and other financial institutions and of capital market operations.

Economic Development, Inequality and War
Economic Development, Inequality and War

Author: E. Nafziger

Publisher: Springer

Published: 2003-09-15

Total Pages: 253

ISBN-13: 1403943761

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Economic Development, Inequality and War shows how economic decline, income inequality, pervasive rent seeking by ruling elites, political authoritarianism, military centrality and competition for mineral exports contribute to war and humanitarian emergencies. Economic regress and political decay bring about relative deprivation, perception by social groups of injustice arising from a growing discrepancy between what they expect and get. Nafziger and Auvinen indicate that both economic greed and social grievances drive contemporary civil wars. Finally, the authors also identify policies for preventing humanitarian emergencies.

The Theory and Experience of Economic Development
The Theory and Experience of Economic Development

Author: Mark Gersovitz

Publisher: Routledge

Published: 2012-08-06

Total Pages: 418

ISBN-13: 1136878157

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This volume, first published in 1982, is a collection of original essays written to honour Professor W. Arthur Lewis, 1979 co-winner of the Nobel Prize in economics. The authors, an international group of distinguished scholars, address a varied set of specific issues reflecting Professor Lewis’ research interests, covering topics which include: technological change in agriculture, analyses of unemployment and income distribution, the role of government policy in the development process, the historical record of development, and the relationship between developed and developing nations. The book will be of interest to both the academic researcher and practicing professionals in the international organisations and national governments, and are particularly appropriate to graduate courses in economic development, cost-benefit analysis and economic history.

African Development Perspectives: A Holistic Reflection
African Development Perspectives: A Holistic Reflection

Author: T A Ngwana

Publisher: Austin Macauley Publishers

Published: 2024-01-05

Total Pages: 179

ISBN-13: 1398494569

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Africa remains a continent that is yet to achieve its full potentials, despite an abundance of resources and a rich cultural pedigree. There have been various attempts to dissect the impediments to the continent’s progress in its march towards development and true independence. Consequently, this book moves away from mere identification of challenges to proffering solutions. The ideas put forward about African development in this book draw from a multiplicity of backgrounds. They are also offered through the prism of the lived experiences of contributors who are keen on engendering an African solution that weaves global dynamics into Africa’s cultural context and did not shy away from identifying themselves as global citizens from Africa. The compelling read is a critical appraisal of germane issues in Africa’s quest for development which speaks truth to both the powerful and the powerless within and beyond Africa on why prioritising Africa’s development is as pressing as the Global climate catastrophe.

Growth and Development of the Nigerian Economy
Growth and Development of the Nigerian Economy

Author: Carl K. Eicher

Publisher: [East Lansing] : Michigan State University Press

Published: 1970

Total Pages: 472

ISBN-13:

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The colonial period; From regionalism to the first plan; Planning and implementation of development in the 1960's; Problems and prospects for the Nigerian economy in the 1970's.

W. Arthur Lewis and the Birth of Development Economics
W. Arthur Lewis and the Birth of Development Economics

Author: Robert L. Tignor

Publisher: Princeton University Press

Published: 2020-06-23

Total Pages: 329

ISBN-13: 0691215715

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W. Arthur Lewis was one of the foremost intellectuals, economists, and political activists of the twentieth century. In this book, the first intellectual biography of Lewis, Robert Tignor traces Lewis's life from its beginnings on the small island of St. Lucia to Lewis's arrival at Princeton University in the early 1960s. A chronicle of Lewis's unfailing efforts to promote racial justice and decolonization, it provides a history of development economics as seen through the life of one of its most important founders. If there were a record for the number of "firsts" achieved by one man during his lifetime, Lewis would be a contender. He was the first black professor in a British university and also at Princeton University and the first person of African descent to win a Nobel Prize in a field other than literature or peace. His writings, which included his book The Theory of Economic Growth, were among the first to describe the field of development economics. Quickly gaining the attention of the leadership of colonized territories, he helped develop blueprints for the changing relationship between the former colonies and their former rulers. He made significant contributions to Ghana's quest for economic growth and the West Indies' desire to create a first-class institution of higher learning serving all of the Anglophone territories in the Caribbean. This book, based on Lewis's personal papers, provides a new view of this renowned economist and his impact on economic growth in the twentieth century. It will intrigue not only students of development economics but also anyone interested in colonialism and decolonization, and justice for the poor in third-world countries.