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Economic Diversification in Nigeria

2023-12-28 Business & Economics
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Release : 2023-12-28
Genre : Business & Economics
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Book Rating : 953/5 ( reviews)

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Book Synopsis Economic Diversification in Nigeria by : Zainab Usman

Download or read book Economic Diversification in Nigeria written by Zainab Usman. This book was released on 2023-12-28. 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.

Economic Diversification in Nigeria

2022 Nigeria
Download Economic Diversification in Nigeria PDF Online Free

Author :
Release : 2022
Genre : Nigeria
Kind : eBook
Book Rating : 674/5 ( reviews)

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Book Synopsis Economic Diversification in Nigeria by : Zainab Usman

Download or read book Economic Diversification in Nigeria written by Zainab Usman. This book was released on 2022. 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"--

Economic Diversification in Nigeria

2022 Business & Economics
Download Economic Diversification in Nigeria PDF Online Free

Author :
Release : 2022
Genre : Business & Economics
Kind : eBook
Book Rating : 977/5 ( reviews)

GET EBOOK


Book Synopsis Economic Diversification in Nigeria by : Zainab Usman

Download or read book Economic Diversification in Nigeria written by Zainab Usman. This book was released on 2022. 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.

Crisis and Adjustment in the Nigerian Economy

1991 Industries
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Release : 1991
Genre : Industries
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis Crisis and Adjustment in the Nigerian Economy by : Adebayo O. Olukoshi

Download or read book Crisis and Adjustment in the Nigerian Economy written by Adebayo O. Olukoshi. This book was released on 1991. Available in PDF, EPUB and Kindle. Book excerpt:

The Changing Structure of the Nigerian Economy and Implications for Development

2000 Nigeria
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Author :
Release : 2000
Genre : Nigeria
Kind : eBook
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Book Synopsis The Changing Structure of the Nigerian Economy and Implications for Development by : Central Bank of Nigeria. Research Department

Download or read book The Changing Structure of the Nigerian Economy and Implications for Development written by Central Bank of Nigeria. Research Department. This book was released on 2000. Available in PDF, EPUB and Kindle. Book excerpt:

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