Printer Friendly

The Debt Trap in Nigeria: Towards a Sustainable Debt Strategy.



Edited by Ngozi Okonjo-Iweala, Charles C Soludo & Mansur Muhtar

[pounds sterling]17.99 Africa World Press

ISBN 1-59221-001-5

Claiming to be the first major study to put the Nigeria's debt into perspective, The Debt Trap in Nigeria is the outcome of a historic conference held in Abuja to debate Nigeria's future in the context of the country's debt overhang.



Convened by the National Debt Management Office (NDMO), in collaboration with the African Institute for Applied Economics (AIAE) and the UK government's Department for International Development (DfID), the conference was attended by a broad spectrum of national and international participants from the public and private sectors.

The book draws attention to the consensus reached at the conference on the best way forward and the recommendations made to reduce the debt burden, to strengthen institutions for debt and resource management, and for resuming sustainable development. The call is to all involved, Nigerians in general and the international community in particular, to help Nigeria exit the debt trap and refocus its resources on fighting poverty.

The editors bring to this study unparalleled expertise. Ngozi Okonjo-Iweala is a prominent economist, formerly the vice-president and corporate secretary of the World Bank. In 2000 she took a leave of absence from the World Bank to serve as economic advisor to Nigeria's President Obasanjo where she was responsible for helping to rationalise the management of Nigeria's debt through the creation of the NDMO and in September 2003 appointed Nigeria's Finance Minister. Charles C Soludo, executive director of AIAE has consulted extensively for many of the major multilateral development organisations, including the World Bank, IMF, UN agencies and USAid. He has also published extensively on African economic issues. Mansur Muhtar is a senior economist with the Africa Region of the World Bank. Like Okonjo-Iweala, Muhtar has taken leave of absence from the Washington-based institution to work with the Nigerian government as a director of NDMO.
COPYRIGHT 2004 IC Publications Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Books
Publication:African Business
Article Type:Book Review
Date:Jun 1, 2004
Previous Article:Movers and Shakers: The Brains and Bravado Behind Business.
Next Article:The Dollar Crisis: Causes, Consequences, Cures.

Related Articles
Banking in Africa: The Impact of Financial Sector Reform Since Independence.
An a-to-z guide on capital budgeting and finance.
Garth L. Mangum, Stephen L. Mangum and Andrew M. Sum, The Persistence of Poverty in the United States.
The End of Poverty: How we can make it happen in our lifetime.
Strangely Like War: The Global Assault on Forests, 2003.
The WTO and sustainable development.
The peri-urban interface; approaches to sustainable natural and human resource use.
Handbook of sustainable weed management.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |