The main aim of this chapter is to review the different perspectives of the structural transformation of the Nigeria economy as well as the effects of the various development policies on the economy. The structure of an economy is the institutional as well as organizational framework which determines how resources are owned, allocated and distributed in an economy. The alteration in the structure of the Nigerian economy in the desired direction should ensure the achievement of economic growth and development. The objectives and goals of Nigerian economic development are also highlighted to see how far the country has fared in her effort to achieve sustainable development and improvement of the welfare of the people.

Nigeria has experienced significant economic progress since publication in 1999 of the first edition of Perspectives on Nigerian Economic Development. Two main drivers of this progress have been the beneficial return to democratic rule and the implementation of key economic reforms, particularly in pursuing external debt relief, implementing excess crude account to stabilize revenue volatility, introducing contributory pension schemes and taking steps to privatize key sectors such as telecommunications. This volume is focused on issues relating to good political and corporate governance and national development; budget and fiscal policy; the Nigerian financial and capital markets and banking. Part one deals with the issues of globalisation and how Nigeria can play in the emergent environment. Part two (Managing the Nigerian Economy), Part three (Strengthening the Nigerian Banking Sector and Part Four (Entrepreneurship and Corporate Governance) proffers ways and means of handling these intertwined aspects of national challenges. The final part - Key Sector Issues deals with three vital areas - Education, Transportation, and Oil and Gas.

Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.

Compilation of essays dealing with various aspects of the Nigerian economy.

In the chapters of this book which was first published in 1999, an attempt has been made to examine several aspects of the Nigerian banking and financial systems, capital market, economic development planning, budget and fiscal policy as well as the role of private sector in development. 32 chapters are included in seven parts which are entitled: The Way Forward; Planning and Economic Development; The Private Sector in Development; Issues on Budget and Fiscal Policy; The Nigerian Financial System; The Nigerian Banking System; and The Nigerian Capital Market.