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Vote of thanks at the 4th CBN Executive Seminar.
No full textVote of Thanks delivered by Mr. O.M. Akinuli at the fourth in-house Executive Policy Seminar organized by the Research Department and the Personnel Department
Social dimension of economic development: problems and prospects
No full textThe paper takes a look at some of the indicators that point to the actual state of the citizen\u27s well-being with a view to identifying the problems associated with the social dimensions of economic development and the prospects of addressing these issues in policy
Mobilising domestic resources for economic development: the role of Central Bank of Nigeria and other financial institutions.
No full textThe topic of the paper makes a debatable and a contentious assumption that ought to be dealt with to provide a consensual basis for analysis and discussion. The assumption is that financial institutions and financial systems have a role to play in the process of economic development
The role of the public and private sectors in economic development
No full textThe paper is divided into three sections, Section 1 contains a definition of public and private sectors, section II discusses their roles and section III concludes the paper
Ashwani Saith. The Rural Non-Farm Economy: Processes and Policies (Geneva, ILO) 1993.
No full textThe study examines the likely impact of rural, non-farm economy (RNFE) growth on rural inequalities and agrarian differentiation processes; possible demand constraints; and the success or failure of specially targeted rural, non-farm programmes (for example, Graneen Bank in Bangladesh, the People\u27s Commune in pre-1978 rural China and IRDP interventions in India). The author establishes economic conditions and institutional environment that would enable the RNFE to grow, with a decisive impact on rural poverty. The study, intended to be a precursor to a full-length study of the rural, non-farm economy (RNFE) in developing economies, runs into five chapters. Chapter 1 is the introduction, chapters 2 contains the different inferences and analysis on the likely impact of farm expansions, while chapter 3 discusses demand-side issues. Chapter 4 presents the supply-side interventions; and chapter 5 summarizes and concludes with a few valuable observations
The control of the monetary and banking system by the Central Bank of Nigeria.
No full textTo understand the role of the Central Bank of Nigeria in controlling the system under the prevailing functional arrangement, it would be necessary to relate the conceptual framework of monetary and banking system control to the Bank\u27s experience. To this end, the paper is organised in five sections. After Section One which is the introduction, Section Two examines the conceptual framework of monetary and banking system control. This is followed by Section Three which reviewed the CBN\u27s techniques of control and their changes over the years. Section Four appraises the control measures and ascertains their effectiveness while Section Five provides a summary of outstanding constraints to monetary and banking system control as well as concluding remarks
The impact of external sector policies on Nigeria\u27s economic development
No full textThe paper discusses the impact of external sector policies on the economic development of Nigeria. These policies include Import policies, Tariff policies, Export policies, Exchange rate policy, Foreign exchange management policies, Balance and payments policies as well as external debt burden and management strategies
Economic Growth and Foreign Debt: A Case Study of Nigeria
No full textIn this study, a macro-economic model is used to examine the relationship between external debt and economic growth in Nigeria. The study has established empirically that foreign credit only contributed positively to growth between 1988 and /992 when the resources mobilized externally were used in directly productive activities. However, between 1979 and /987 as well as the period /993-/994, there was a negative relationship between foreign capital and growth. Among other factors, policy inconsistencies, drying up of external assistance and political instability were identified as the main factors that militated against foreign credit-induced growth of the Nigerian economy
Export Processing Zone Programmes: Lessons for Nigeria from Other Countries
No full textThe monumental success of the export-oriented South-East Asian countries has engendered a shift in emphasis among other developing countries towards export oriented development strategy in recent times. This paper examines the export processing programmes in Nigeria, drawing from the experiences of other countries where the programme is operational. The analysis confirms that the nature and extent of incentives available in Nigeria\u27s EPZ scheme compares favourably with those provided by similar schemes elsewhere. However, the same cannot be said of infrastructural facilities such as roads, railways and communication. The need for improvement in these facilities is emphasized. Also, security, which is a derivative of political stability as well as consistency in government policies, are highlighted among the necessary conditions for a successful EPZ programme in Nigeria
Diversification and promotion of exports of Nigeria\u27s energy products.
No full textEnergy is a critical input in the economic development process. It is expended in one form or the other in agricultural production activities, especially food processing and transportation. and in the production of farm inputs such as fertilizer. pesticides and agricultural equipment. Energy is equally necessary for industrial operations or facilitating the running of plant and machinery of manufacturing units. It is also required for house-hold cooking & lighting and for the construction and operation of the infrastructure needed for schools, health care services and water sup-ply. Indeed, the levels of energy supply nd consumption are strong indicators of overall economic performance.
The paper is structured into four sections. Section 2reviews the structure and performance of the energy sub-sector fromi986 to date. Section 3 examines the potentials for diversification and ex-port promotion of energy products in Nigeria. Section 4 discusses efforts at diversifying the production and ex-port promotion of energy products and the constraining factors. while section 5 contains the summary and policy recommendations