Economic Policy Options for a Prosperous

This book demonstrates that there is sufficient evidence on the Nigerian economy and society to inform many policy issues, and reveals the current problems and policy options that a democratic Nigeria will need to debate and resolve. It presents an agenda of reform as unfinished business.

PAUL COLLIER is Director of the Centre for the Study of African Economies, University of Oxford, UK. He co-edited Investment and Risk in Africa (with Catherine Pattillo), also published by Palgrave Macmillan.

CATHERINE PATTILLO is Senior Economist at the International Monetary Fund, USA. She co-edited Investment and Risk in Africa (with Paul Collier), also published by Palgrave Macmillan.

CHARLES C. SOLUDO is Governor of the Central Bank of Nigeria, Nigeria.

List of Tables	p. vii
List of Figures	p. xi
Preface	p. xiii
Acknowledgements	p. xx
Introduction: Towards Evidence-based Policy	p. 1
Oil and the Macroeconomy	p. 11
Binding Constraints to Growth in Nigeria	p. 13
Oil, Growth and Governance in Nigeria	p. 45
Addressing the Natural Resource Curse: An Illustration from Nigeria	p. 61
Modelling Policy Options for Nigeria: Fiscal Responsibility, Monetary Credibility, and Regional Integration	p. 93
Monetary Policy and Oil Price Surges in Nigeria	p. 121
Trade Policy: Prospects and Challenges	p. 147
Economic Growth and Policy Choice in Nigeria: Lessons from the Asia Pacific	p. 167
Managing Extreme Volatility for Long-run Growth
Government: Fiscal Management within a Federal System	p. 185
Issues in Fiscal Policy Management under the Economic Reforms (2003-7)	p. 187
Towards Securing Fiscal Policy Coordination in Nigeria	p. 205
Fiscal Federalism in Nigeria: Issues, Challenges and Agenda for Reform	p. 221
Stocktaking the Reforms in Public Financial Management
Fiscal Federalism: Fiscal Discipline and Service Delivery in Nigeria
Firms and Farms: The Policy Climate for Private Activity	p. 245
Towards a More Competitive Manufacturing Sector	p. 247
How Competitive and Efficient are Nigerian Ports?	p. 275
Nigeria's Power Sector: Opportunities and Challenges	p. 301
Agricultural Export Potential in Nigeria
The Well-being of Households: Income and Education	p. 329
Poverty in Nigeria	p. 331
The Impact of Universal Primary Education on Socio-economic Outcomes: A Nigerian Experiment	p. 373
Female Schooling and Women's Labour Market Participation in Nigeria	p. 397
Index	p. 429
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Economic Policy Options for a Prosperous Nigeria

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