Economic Diversification in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Diversification in Nigeria write by Zainab Usman. This book was released on 2023-12-28. Economic Diversification in Nigeria available in PDF, EPUB and Kindle. 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
Economic Diversification in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Economic Diversification in Nigeria write by Araniyar Isukul. This book was released on 2020. Economic Diversification in Nigeria available in PDF, EPUB and Kindle. The global fall in oil prices has caused significant external shocks to developing countries whose sole reliance on oil has seen a drastic fall in revenues that accrues from oil sales. To address this issue, there have been renewed calls for developing countries to diversify their economies so as to protect, mitigate and reduce the external shocks that results from depending on a single source of revenue. Nigeria has made several attempts to heed that call. Still, it has not been very successful in making that transition, although there are indications that it may be heading in that direction. This research set out to examine diversification in developing countries using a case study methodology. The intention is simply to draw lessons from countries who have failed to make the diversification and from those who have made the diversification. The findings of this research reveal that diversification is not only a Nigerian problem, several African countries have diversification issues. Secondly, it is a complex process, and economic diversification needs an enabling environment, the right institutional mix (financial, legal, regulatory and market institutions), the necessary infrastructure, human capital development, entrepreneurship combined with the right policy mix sustained over a considerable period of time. Finally, structural challenges continues to hinder any significant transition in terms of economic diversification in developing countries.
The Political Economy of Economic Diversification in Nigeria
The Political Economy of Economic Diversification in Nigeria - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Political Economy of Economic Diversification in Nigeria write by Zainab Usman. This book was released on 2017. The Political Economy of Economic Diversification in Nigeria available in PDF, EPUB and Kindle.
Industrialization and Economic Diversification
Industrialization and Economic Diversification - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Industrialization and Economic Diversification write by Banji Oyelaran-Oyeyinka. This book was released on 2022-04-14. Industrialization and Economic Diversification available in PDF, EPUB and Kindle. Economic diversification entails a shift away from a single income source toward multiple income sources from an increasing spectrum of sectors and markets. A persistent concern for some Asian and African economies is their reliance on commodity exports and how they are exposed to the risk of export volatility and income instability. The Covid-19 pandemic and previous oil crashes have demonstrated the adverse impact on such economies. This book provides a systemic analysis of sustainable economic development through economic diversification. The book analyzes diversification and development experiences from comparative perspectives of Asia and Africa. It also investigates determinants of export diversification differentiated by commodities-dependence versus manufactured products and looks at the roles of various institutions and governance of institutions in export diversification. This book will provide policy insights into how different degrees of specialisation in exports across countries have affected outcomes in terms of living standards, economic growth and employment.
Strategic Policy Options for Bracing Nigeria for the Future of Trade
Strategic Policy Options for Bracing Nigeria for the Future of Trade - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Strategic Policy Options for Bracing Nigeria for the Future of Trade write by Gbadebo Odularu. This book was released on 2020-01-28. Strategic Policy Options for Bracing Nigeria for the Future of Trade available in PDF, EPUB and Kindle. As the fourth industrial era evolves, the role of blockchain technology, Artificial Intelligence (AI), and machine learning in transforming national commerce cannot be overemphasized, especially with the expansion of e-commerce in Africa. In other words, technological advancement and innovation are becoming essential to many aspects of Nigerian businesses, thereby considerably enhancing trade and productivity. This book provides a primer on the role that digital technology may play in Nigeria’s trade flows, and the implications for enabling an economy-wide deployment of digitization in trade facilitation. This book analyzes the importance of STI’s contributions to the Nigerian economy, focusing on the transition to digital solutions and their potential to significantly increase trade and commerce. Since AfCFTA’s 2018 launch, academic and political responses to the automation of business have increased. Further, business promotion, aid-for-trade, regional integration and trade facilitation issues are at the forefront of business development policy and intellectual discourse in Nigeria. This book details Nigeria’s business opportunities, capacities and challenges with a special interest in sustainably enhancing the nation’s business ecosystem in the digital age. Through the examination of trade facilitation policies, programs, tools, models and technologies, this book demonstrates Nigeria’s need for strategic public-private partnership in digital trade to foster a more sustainable business future.
