Download or read book Economic Diversification in Nigeria written by Zainab Usman and published by Zed Books. This book was released on 2023-12-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economic Diversification in Nigeria written by Zainab Usman and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "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 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"--
Download or read book Economic Diversification in Nigeria written by Zainab Usman and published by Zed. This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Having enjoyed over a decade of rapid economic growth, as well as reaping billions of dollars in oil earnings, Nigeria was once the exemplar of the 'Africa Rising' narrative. But the persistence of stark inequality, as well the collapse of global oil prices, has exposed the failure of Nigeria's economy to diversify, or to translate natural wealth into shared prosperity. Drawing on original research as well as in-depth interviews conducted over several years, this book explores the causes of Nigeria's continued dependency on oil. It shows that this dependency is rooted in Nigeria's fractious political environment, in which elite competition, donor pressures, and shocks caused by fluctuating oil prices have all worked to constrain government policy, and to hinder efforts to diversify economic activity. This, in turn, has perpetuated the deep inequality of Nigerian society. While there has been much debate over the 'right' development policies for Africa, relatively little scholarship has considered the wider political context in which such policies are shaped. Usman's work therefore fills a significant gap in development scholarship, and draws vital lessons from the Nigerian experience which can be equally applied to other resource dependent economies in Africa.
Download or read book Socio economic Development in Nigeria written by Gesiye S. Angaye and published by . This book was released on 1995 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Politics And Economic Development In written by Tom Forrest and published by Routledge. This book was released on 2019-09-11 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book The Economic Development of Nigeria written by Johns Hopkins Press and published by . This book was released on 2013-04 with total page 734 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Implication of Big push theory on Nigerian economic development written by Erhunse Confidence and published by GRIN Verlag. This book was released on 2020-02-19 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2020 in the subject Economics - Economic Cycle and Growth, grade: 4, Chukwuemeka Odumegwu Ojukwu University (Social Sciences), language: English, abstract: This paper examined the implication of Big-Push theory on Nigerian economic development. The theory provided an explanation of how developing countries can industrialize through broad-based investment and coordination. The paper looked at the meaning of Big-Push theory, assumptions and its implication on Nigeria economic development. If the need for a Big Push to survive in an economy that is open to international trade and capital movements, or if openness to trade and capital movements is sufficient to overcome all poverty traps, these questions have daunted development economics since its inception. The theory of the big push asserts that underdeveloped countries require large amounts of investments to come out of the problem of backwardness and launch policies for economic development. The logic behind this theory is that a programme of “bit-by-bit” investment will not have much impact on the process of growth and will only lead to a dissipation of resources. Policies designed to encourage the development of the Nigerian economy will need to be guided by the big-push theory.
Download or read book Modernization and the Crisis of Development in Africa written by Jeremiah I. Dibua and published by Routledge. This book was released on 2017-11-28 with total page 359 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Jeremiah I. Dibua challenges prevailing notions of Africa's development crisis by drawing attention to the role of modernization as a way of understanding the nature and dynamics of the crisis, and how to overcome the problem of underdevelopment. He specifically focuses on Nigeria and its development trajectory since it exemplifies the crisis of underdevelopment in the continent. He explores various theoretical and empirical issues involved in understanding the crisis, including state, class, gender and culture, often neglected in analysis, from an interdisciplinary, radical political economy perspective. This is the first book to adopt such an approach and to develop a new framework for analyzing Nigeria's and Africa's development crisis. It will influence the debate on the development dilemma of African and Third World societies and will be of interest to scholars and students of race and ethnicity, modern African history, class analysis, gender studies, and development studies.
Download or read book Infrastructure Development in Nigeria written by Michael O. Onolememen and published by Routledge. This book was released on 2020-01-22 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the politics and economics of infrastructure development in Nigeria from Independence in 1960 up to 2015, and the role of good governance in promoting the socioeconomic wellbeing of citizens. Arguing for the need for transformational leadership in infrastructure development, the chapters examine policy issues and survey the various administrative, economic, and social-political reforms that have impacted infrastructure development in Nigeria. The author also discusses current national development plans and Vision 20:2020; challenges to infrastructure development, including corruption; and the future potential of a strong infrastructure network for the economy and citizens. Drawing upon his experience within government departments, as well as existing models of leadership and governance, the author explores the role of infrastructure development in promoting the wellbeing and growth of Nigeria. Combining theory with practical examples of good governance, this book will be of interest for students and researchers of political science and infrastructure development in Africa.
Download or read book Perspectives on Nigeria s Economic Development Volume I written by Pascal G. Dozie and published by African Books Collective. This book was released on 2009-12-29 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Indigenization and Economic Development written by Nicholas Balabkins and published by . This book was released on 1982 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of indigenization and economic development experience in Nigeria - discusses objectives, impact of independence, nationalization forces, role of mass media and Elite interest groups, infrastructure, economic resources, human resources, institutional framework, corruption, gross domestic product trends (1971-1980), inflation, agricultural production, direct foreign investment, etc.; comments on economic legislation; considers economic policy implications and lessons for foreign enterprises. Diagrams, graphs and references.
Download or read book Nigerian Economy written by Milton A. Iyoha and published by . This book was released on 2002 with total page 482 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Politics And Economic Development In Nigeria written by Tom Forrest and published by Routledge. This book was released on 2019-07-12 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides an account of the dynamic interplay between the political and economic forces that have shaped government priorities and strategies in Africa's most populous country. The author examines efforts to build a stronger federal centre, to develop national policies, to counter uneven development, and to reduce conflicts that have arisen from ethnic, regional, class and religious differences. A final section analyzes the evolution of economic policy and performance, looking specifically at agrarian policy, the programme of economic liberalization, and the impact of oil revenues.
Download or read book Financialisation Capital Accumulation and Economic Development in Nigeria written by Ejike Udeogu and published by Cambridge Scholars Publishing. This book was released on 2018-11-30 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Economic Reforms and Modernization in Nigeria 1945 1965 written by Toyin Falola and published by Kent State University Press. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Created as a result of British colonialism, Nigeria emerged as a nation-state during the mid-20th century. Toyin Falola presents statistical data on Nigeria's economy that illustrate the nature of the changes made throughout the mid-20th century.
Download or read book Economic History of Nigeria written by Onwuka N. Njoku and published by . This book was released on 2001 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Politics And Economic Development In Nigeria written by Tom G. Forrest and published by Westview Press. This book was released on 1995-11-06 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt:
