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Nigeria and the Millennium Development Goals Some Needed Reforms Byokpe Mdgs

By Aboki Associates

Summary

In the last few years, there has been a lot of concern and debate, not only among policy makers, but also within the academia and the public at large, regarding the attainment of the Millennium Development Goals (MDGs) in Nigeria. This has led to the initiation of various reforms, beginning with the banking sector reforms, introduced towards the end of 2004, all aimed at creating a favorable environment for meeting the objectives of the MDGs.
The present book of readings addresses some of these reforms and represents a contribution by our Department of Economics to the ongoing discussion. While the range of reforms advocated here is not exhaustive, it nevertheless emphasises once again the well known fact that there are also non-economic factors involved in economic development. In this regard, it must be pointed out that the sectors of the economy considered in the volume include, not only the purely economic ones like banking and finance, insurance, etc. but also the political and sociological areas such as corruption and the harmful effects of widowhood rites. It must also be noted that the recommendations emphasize that reforms are needed at all levels, including the public and private sectors of the economy, as well as the individual level.
I commend the efforts of our Department of Economics, the editors and the contributors to this volume. The book deserves a most enthusiastic welcome by all (policy makers, the academia and the general public) who are working towards or looking forward to the attainment of the MDGs in Nigeria.
Nigeria and the Millennium Development Goals Some Needed Reforms Byokpe Mdgs
 
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Abstract

In the last few years, there has been a lot of concern and debate, not only among policy makers, but also within the academia and the public at large, regarding the attainment of the Millennium Development Goals (MDGs) in Nigeria. This has led to the initiation of various reforms, beginning with the banking sector reforms, introduced towards the end of 2004, all aimed at creating a favorable environment for meeting the objectives of the MDGs.

The present book of readings addresses some of these reforms and represents a contribution by our Department of Economics to the ongoing discussion. While the range of reforms advocated here is not exhaustive, it nevertheless emphasises once again the well known fact that there are also non-economic factors involved in economic development. In this regard, it must be pointed out that the sectors of the economy considered in the volume include, not only the purely economic ones like banking and finance, insurance, etc. but also the political and sociological areas such as corruption and the harmful effects of widowhood rites. It must also be noted that the recommendations emphasize that reforms are needed at all levels, including the public and private sectors of the economy, as well as the individual level.

I commend the efforts of our Department of Economics, the editors and the contributors to this volume. The book deserves a most enthusiastic welcome by all (policy makers, the academia and the general public) who are working towards or looking forward to the attainment of the MDGs in Nigeria. 

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Aboki Associates

Aboki Associates

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