Critical Perspectives on Nigerian Political Economy and Management


Book Description

These essays are taken from the many symposiums diagnosing Nigeria's prolonged stagnation. The book is designed as a companion to the author's previous book Managing Uncertainty: Competition and Strategy in Emerging Economies which won the Boshorun M.K.O. Abiola prize as the best academic book published in Nigeria in 1998. The five parts of the book are Strategy and the Nigerian Environment; The Environment of Banking and Finance; Political Economy Issues and the Macro-economy; Challenge to Business; Budget Reviews and Policy Advocacy; Values and Management Effectiveness; and Case Studies.




Financialisation, Capital Accumulation and Economic Development in Nigeria


Book Description

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.




Dictators and Democracy in African Development


Book Description

This book argues that the structure of the policy-making process in Nigeria explains variations in government performance better than other commonly cited factors.




Globalization and Governance in the International Political Economy


Book Description

"This book investigates the impact of diverse cultures on the development and actualization of global economic entities, exploring advanced methods and best practices for the effective utilization and management of financial organizations within a globalized political context"--Provided by publisher.




Problem-Driven Political Economy Analysis


Book Description

This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.




Understanding Modern Nigeria


Book Description

An introduction to the politics and society of post-colonial Nigeria, highlighting the key themes of ethnicity, democracy, and development.




Reforming the Unreformable


Book Description

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.




The Political Economy of Colonialism and Nation-Building in Nigeria


Book Description

This book examines the ways in which colonialism continues to define the political economy of Nigeria sixty years after gaining political independence from the British. It also establishes a link between colonialism and the continued agitation for restructuring the political arrangement of the country. The contributions offer various perspectives on how the forceful amalgamation of disparate units and diverse nationalities have undermined the realization of the development potential of Nigeria. The book is divided into two parts. The first part interrogates the political economy of colonialism and the implications of this on economic development in contemporary Nigeria. The second part examines nation-building, governance, and development in a postcolonial state. The failure of the postcolonial political elites to ensure inclusive governance has continued to foster centrifugal and centripetal forces that question the legitimacy of the state. The forces have deepened calls for secession, accentuated conflicts and predispose the country to possible disintegration. A new government approach is required that would ensure equal representation, access to power and equitable distribution of resources.




Marginality and Crisis


Book Description

Marginality and Crisis: Globalization and Identity in Contemporary Africa extends the scope and understanding of the effects of globalization and its forces on Africa. With each chapter written by specialists who recognize that the future of Africa is entwined with that of the rest of the world, this volume explains with fresh vigor the new thinking on the historical specificity, value, opportunity, and shortcomings of globalization for a continent many regard as marginalized and in crisis. In the face of much pessimism, several questions have engaged the attention of this young generation of African scholars: Where is Africa in relation to globalization? Where are the things that make Africa Africa (such as economy, politics, culture, identity, and human relations) headed? Are Africa's communities helpless against global forces or empowered by new avenues of access? How do scholars and policymakers engage the problems of globalization vis-^-vis Africa's ethnic, linguistic, and other identities? What are the economic and political trajectories in various countries and localities? An invaluable source for scholars, students, and the general reader, the essays in this book have confidently and clearly explored and explained the crises that have engulfed the continent in the age of globalization. Unlike other works that have dwelt only on the continent's victimhood, this volume identifies key areas in which Africa can become more proactive and outward-looking in response to the forces and values that take the globe as their reference points.




The Nigerian Dependent Management & Leadership Development in the Post World War II Colonial Nigeria


Book Description

The main theme of this book is to provide a critical analysis of the "Nigerian dependent management and leadership development in the post world war II colonial Nigeria". (1945-to-1960) and beyond, using foreign fi rms-global/multinational and transnational corporations; U.A.C., SHELL, NNPC and OPEC. All these foreign fi rms have their parent companies resided in their foreign countries of origin (advanced metropolis) and have their subsidiaries or peripheries all over the global communities of under¬developed and developing economies. Paradoxically, the book was generated by on-going political, economic concern and controversy with the fate of the struggle and quest for economic liberation in the third world-under-developed and developing countries of Africa, with direct specifi c studies of the "Nigeria dependent management and leadership development", predates, from 'pre and post' colonial era of the British colonial rule in Nigeria. The book further focuses, elicits and elucidates the third world dependent development. International Political Economy and Global/Multinational-Transnational Corporations, economic and political roles in Nigeria's 'agricultural and oil' base economic factors, by using Nigeria raw materials/natural resources to produce into fi nished products. The profi ts maximization, surpluses and heavy taxation realized through levied and derived from the genesis of the raw materials, making it into complete fi nished products, from the subsidiary country Nigeria, by the British global/multinational corporations of (U.A.C.) the United Africa Company, on the poor peasantry/farmers were been appropriated, expropriated back to the U.A.C's parent company in the United Kingdom's ministry of food and supply. The other raw materials/natural resources of the crude petroleum/oil manufacturing economy were been monopolized by the "SHELL" Oil Royal Dutch of Netherlands and British "SHELL" post emerged, based on the concession signed in Britain, as the British government during colonial rule in Nigeria discovered crude oil segments deposits, in the today's south-south at Oloibiri in 1956, province/region in the today, south-south of eastern Nigeria. The "NNPC" the Nigeria indigenous oil transnational corporation, represented the Nigeria federal government crude oil reserve ownership of 55 % (in a shared venture, with "SHELL" British Petroleum and her partner of the Netherland Royal Dutch Oil Co-"SHELL"- "SHELL" owned 30 %) and profi ts made by "SHELL" was transferred to the "SHELL" parent oil Co, Headquarters at Hague, Netherland; Finally, the "OPEC" relationship with Nigeria, and the world oil market, emerged as the oil giant (developing oil organization) permanent inter-governmental organization, seemed competitively world oil organization, bailed out the global oil community in terms of world oil market stock exchange crashes and recessions; global oil gluts, oil embargos, regional civil wars and unrest threatened "OPEC" oil production, intercepts in bailing out the global oil community, via by optimal production and supplies was apparent in "OPEC" sustainability growth and reinforce the world oil market business continuity. "OPEC" main theme was apparently formed to stabilize and fi x oil prices, amongst the member 12 oil producing and exporting countries from the third world. Assist the member oil producer member countries to produce oil in a quota basis system to prevent any oil price manipulations, intimidations, exploitative mechanism of oil sales malpractices and price anomalies.