Nigeria's Seven-Point agenda and the financial crisis: Implications for growth and development

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dc.contributor.author Onakuse, Stephen
dc.date.accessioned 2013-02-20T12:50:34Z
dc.date.available 2013-02-20T12:50:34Z
dc.date.copyright 2011
dc.date.issued 2011-12
dc.identifier.citation Stephen Onakuse (2011) 'Nigeria's Seven-Point Agenda and the Financial Crisis: Implications for Growth and Development'. Africana, 5 (3):21-46. en
dc.identifier.volume 5 en
dc.identifier.issued 3 en
dc.identifier.startpage 21 en
dc.identifier.endpage 46 en
dc.identifier.issn ISSN 2155-7837
dc.identifier.uri http://hdl.handle.net/10468/979
dc.description.abstract Using empirical data, this paper argues that achieving the 'Seven-Point Agenda' would be nearly impossible taking into consideration the current global economic crisis, Nigeria's looming budget deficits and the volatility of international oil prices. The paper suggests that there is always the risk of failure to Nigeria's reform programs given the country's unending political corruption - a problem that cannot be expected to improve given the high levels of uncertainty that have been brought on by the global economic crisis, budget deficits, inflation and the volatility of both the stock market and international oil prices. The paper argues that the sometimes wild inconsistency of government policies hampers the success of reform programs and that, if anything, the only consistency in Nigerian governance seems to be corruption. Accordingly, today, amidst structural corruption, poor budgetary controls, and other challenges to policy implementation, reform programs are often viewed as a thing of the past. For the Seven-Point Agenda to succeed, it is therefore imperative that the corrupt political machinations and the lack of budgetary discipline be thoroughly considered and openly discussed by all stakeholders involved in the process. This is particularly true given the aforementioned economic challenges with which Nigeria is now faced. en
dc.format.mimetype application/pdf en
dc.language.iso en en
dc.publisher African Studies Center, Boston University en
dc.relation.uri www.africanajournal.org
dc.rights © 2011, Africana Journal en
dc.subject Nigeria en
dc.subject Seven-Point Agenda en
dc.subject Global financial crisis en
dc.subject Growth en
dc.subject Development en
dc.subject.lcsh Nigeria--Politics and government en
dc.subject.lcsh Nigeria--Economic conditions en
dc.title Nigeria's Seven-Point agenda and the financial crisis: Implications for growth and development en
dc.type Article (peer-reviewed) en
dc.internal.authorurl http://publish.ucc.ie/researchprofiles/B010/sonakuse en
dc.internal.authorcontactother Stephen Onakuse, Food Business & Development, University College Cork, Cork, Ireland. +353-21-490-3000 Email: s.onakuse@ucc.ie en
dc.internal.availability Full text available en
dc.date.updated 2013-02-12T10:51:49Z
dc.description.version Accepted Version en
dc.internal.rssid 196711709
dc.description.status Peer reviewed en
dc.identifier.journaltitle Africana en
dc.internal.copyrightchecked Yes. Permission granted by Managing Editor of Journal in FEb 2013. Dear Ms. Herlihy, Pursuant to your e-mail of 14 Feb. 2013, please accept this e-mail as formal permission to place Dr. Stephen Onakuse's article: (2011) 'Nigeria’s Seven-Point Agenda and the Financial Crisis: Implications for Growth and Development'. Africana, 5 (3):21-46 in the Cork Open Research Archive (CORA). Please do not hesitate to contact us if you require anything further. All the best, Christopher LaMonica, PhD Managing Editor, Africana en
dc.internal.licenseacceptance Yes en
dc.internal.placepublication Middleboro, MA USA en
dc.internal.IRISemailaddress s.onakuse@ucc.ie en


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