The politics of debt cancellation and economic reforms in nigeria

 

Table Of Contents


  • <p> </p><div><p>Title page – – — – – – – – – – i Approval page – – – – – – – – – ii Dedication – – – – – – – – – – iii Acknowledgment – – – – – – – – – iv Abstract – – – – – – – – – – v Table of content – – – – – – – – – vii List of tables – – – – – – – – – vi

Chapter ONE

INTRODUCTION

  • 1.1Introduction – – – — – – – – – 1
  • 1.2Statement of the problem – – – – – – – 4
  • 1.3Objective of the study – – – – – – – 5
  • 1.4Significance of the study – – – – – – – 7
  • 1.5Literature review – – – – – – – – 7
  • 1.6Theoretical framework – – — – — – – 18
  • 1.7Hypothesis – – – – – – – – – 21
  • 1.8Method of data collection – – – – – – – 21

Chapter TWO

LITERATURE REVIEW

  • NIGERIAN GOVERNMENT’S ECONOMIC AND POLITICAL PROFILE AND ECONOMIC REFORM CONDITIONALITY
  • 2.1Nigerian Government’s Political profile and its demand for Debt cancellation – – – – – – – – 25
  • 2.2Nigerian Government’s Economic Profile and its Demand for vii Debt Cancellation – – – – – – – – 33
  • 2.3Nigerian Government’s Political and Economic in its Demand for Debt cancellation – – – – – – – – 40

Chapter THREE

SYSTEM DESIGN AND IMPLEMENTATION

  • WORLD BANK TECHNOCRATS IN OBASANJO’S ADMINISTRATION AND NIGERIA 2005 PARIS CLUB DEBT CANCELLATION
  • 3.1President Obasanjo’s Deregulation Programme
  • 3.2World Bank Technocrats in President Obasanjo’s Administration- – 55
  • 3.3World Bank Technocrats in President Obasanjo’s Deregulation programme and the 2005 Paris Club Cancellation Conditionality for Nigeria. – – – – – 59

Chapter FOUR

SYSTEM TESTING AND EVALUATION

  • ECONOMIC REFORM POLICIES OF PARIS CLUB AND PRIVATIZATION PROGRAMME IN NIGERIA
  • 4.1The Economic Reform Policies of the Paris Club – – – 64
  • 4.2Privatization of Public Enterprises in Nigeria – – – – 69
  • 4.3Economic Reform Polices of Paris Club and Privatization of Public Enterprises in Nigeria – – – – – – – 72

Chapter FIVE

SUMMARY, CONCLUSION AND RECOMMENDATIONS

  • CONCLUSION AND RECOMMENDATION
  • 5.1Summary – – – – – – – – – 79
  • 5.2Conclusion – – – – – – – – – 84
  • 5.3Recommendation – – – – – – – – 84 Bibliography</p><p></p></div><h3></h3><br> <br><p></p>

Project Abstract

<p> The study sets out to interrogate the relationship between debt cancellation and economic reform policies in Nigeria under President Obasanjo‘s administration. The aim of the research was to provide a framework that explains the effects of debt relief on Nigeria’s economic development. The theory of Marxist Political Economy Paradigm was adopted as the analytical framework to demonstrate that Nigeria has followed a developmental strategy dictated by the interest of the imperialists and their local allies among the indigenous population. The method of data collection used was the secondary sources of data. Three hypothesis tested were Nigerian government‘s demand for debt cancellation gave rise to the economic reform conditionality; the involvement of World Bank technocrats in President Obasanjo’s deregulation programme influenced the 2005 Paris Club debt cancellation conditionality for Nigeria, and, the economic reform policies of Paris Club of creditor nations pressurized the Nigerian government to adopt privatization of public enterprises. The findings of the study revealed that Nigerian government’s political and economic profile necessitated the conditionality for the adoption of economic reform policies of the Paris Club. Against the background of debt relief granted to Nigeria, the study recommends that a law should be made to avoid a relapse to the past and also to commit all the tiers of governments to a set of rules for efficient economic management in terms of planning, as well as control and monitoring of public borrowing and expenditure. <br></p>

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