Perspectives on Nigeria's Economic Development Volume II

Pascal G. Dozie

Description

Nigeria has experienced significant economic progress since publication in 1999 of the first edition of Perspectives on Nigerian Economic Development. Two main drivers of this progress have been the beneficial return to democratic rule and the implementation of key economic reforms, particularly in pursuing external debt relief, implementing excess crude account to stabilize revenue volatility, introducing contributory pension schemes and taking steps to privatize key sectors such as telecommunications. This volume is focused on issues relating to good political and corporate governance and national development; budget and fiscal policy; the Nigerian financial and capital markets and banking. Part one deals with the issues of globalisation and how Nigeria can play in the emergent environment. Part two (Managing the Nigerian Economy), Part three (Strengthening the Nigerian Banking Sector and Part Four (Entrepreneurship and Corporate Governance) proffers ways and means of handling these intertwined aspects of national challenges. The final part - Key Sector Issues deals with three vital areas - Education, Transportation, and Oil and Gas.

Informations

• Publié par: Safari Books Ltd
• Date de parution: 19 décembre 2012
• Nombre de lectures: 0
• EAN13: 9789788431534
• Langue: English
• Poids de l'ouvrage: 3 Mo

Extrait

PN erspectives on igeria's E D conomic evelopment VII olume

Perspectives onNigeria'sEconomic DevelopmentVolumeII

PascalG.Dozie

Safari Books Ltd Ibadan

Published by Safari Books Ltd Ile Ori Detu 1, Shell Close, Onireke Ibadan Email: [e-mail]

©  Pascal G. Dozie Publisher: Chief Joop Berkhout OON Deputy Publisher: George Berkhout

Perspectives onNigeria'sEconomicDevelopmentVolumeII

Published 2012

All rights reserved. This book is copyright and so no part of it may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, electrostatic, magnetic tape, photocopying, recording or otherwise, without the prior written permission of the author.

ISBN: 978-978-8431-06-0

iv

Dedication Foreword Preface Acknowledgements

Table of Contents

Part I – Globalisation and the Nigerian Economy

1. 2.

3.

Impact of Globalisation on the Nigerian Economy Globalisation and the Reforms in the Telecommunications Sector Taking Nigeria to the World: The Builders’Analogy

Part II – Managing the Nigerian Economy

4. 5. 6.

7.

8

.

Budgeting: Tool for Economic Development and Growth Budgeting 2001: The Effect on Commerce and Industry Privatisation: A Recipe for Sustainable Economic Growth and Technological Transfer 85 The Private Sector in Economic Development 99 Challenges of E-Commerce to Bank Inspectors

Part III – Strengthening the Nigerian Banking Sector

9. Macroeconomic Environment and the Banking System 10. Cross-Border Co-operation and Banks Supervision 11. Status of Corporate Governance in the Financial Sector 12. Ethics and Responsible Leadership in the Banking Profession

v

vii ix xiii xvii

 1

 5

 23  41

 45

 49  65

113

119

123 147 171

186

Part IV – Entrepreneurship and Corporate Governance 13. Entrepreneurship – Building Institutions 14. Corporate Governance and Policy Challenges 15. Random Thoughts on Corporate Governance 16. Thinking Tomorrow Today: A Paradigm for Leadership  and Competence

Part V – Key Sectors and Issues

17. Education: Universities and Convocation Ceremonies 18. Financing Oil and Gas Projects in Nigeria 19. Fleet Renewal: The Pivot of Luxury Bus Business

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203 207 231 239

249

265

269 295 303

Dedication

This book is dedicated to my family and to all those who, over the years, have selflessly advocated and/or helped in one way or the other to implement policies aimed at unlocking the socioeconomic potentials of Nigeria.

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viii

Foreword

Nigeria has experienced significant economic progress since publication in 1999 of the first edition of Perspectives on Nigerian Economic Development. Two main drivers of this progress have been the beneficial return to democratic rule and the implementation of key economic reforms, particularly in pursuing external debt relief, implementing excess crude account to stabilize revenue volatility, introducing contributory pension schemes and taking steps to privatize key sectors such as telecommunications. In each case, the benefits have fostered both internal and external expectations that Nigeria could rank within the top 20 global economies by 2020 or soon thereafter. A more realistic assessment is that the upside potential of Nigeria has been partly demonstrated in the past decade but it is clear that not nearly enough has been done to finally unlock Nigeria’s great potential on a sustainable, long term basis.

It has been the lifetime mission of Pascal G. Dozie to relentlessly analyze the causes of Nigeria’s inability to breakthrough on the economic front to pursue workable solutions through multiple leadership roles in think tanks, chambers, educational institutions, public sector appointments, charitable organizations and, most importantly, in private sector management and investments in financial services, private equity, telecommunications and other diversified businesses. He truly has been one to practice what he preaches as well as continue to speak out on every facet of nation building, with particular emphasis on the fundamental economic issues which still remain largely unresolved and unimplemented.

Having shared in many endeavours with Pascal, it is clear that what Nigeria needs to do to unlock its potential is well understood by many,

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