Reforming the Unreformable: Lessons from Nigeria

212 Pages·2012·2.845 MB·English

by  Ngozi Okonjo-Iweala

Reforming the Unreformable

Reforming the Unreformable
Lessons from Nigeria
Ngozi Okonjo-Iweala
The MIT Press
Cambridge, Massachusetts
London, England
© 2012 Ngozi Okonjo-Iweala
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Library of Congress Cataloging-in-Publication Data
Okonjo-Iweala, Ngozi.
Reforming the unreformable : lessons from Nigeria / Ngozi Okonjo-Iweala.
p. cm.
Includes bibliographical references and index.
ISBN 978-0-262-01814-2 (hbk. : alk. paper)
1. Nigeria—Economic policy. 2. Nigeria—Economic conditions—1970–
3. Corruption—Nigeria. I. Title.
HC1055.O3924 2012
339.509669—dc23
2012008453
for Adaora “the Adorable,” so she might know Nigeria

Contents
Preface ix
Acknowledgments xi
1 Setting the Stage for Reform 1
2 Advancing Macroeconomic Reforms 19
3 Promoting Privatization, Deregulation, and Liberalization 35
4 Launching Other Structural Reforms 51
5 Fighting Corruption 81
6 Obtaining Debt Relief 95
7 Reflections on the Reforms and Lessons for Reformers 119
8 Conclusions and a Look Forward 133
Appendix: Figures and Tables 145
Notes 181
References 185
About the Author 189
Index 191