Reforming the Unreformable: Lessons from Nigeria PDF
Preview Reforming the Unreformable: Lessons from Nigeria
Reforming the Unreformable Reforming the Unreformable Lessons from Nigeria Ngozi Okonjo-Iweala The MIT Press Cambridge, Massachusetts London, England © 2012 Ngozi Okonjo-Iweala All rights reserved. No part of this book may be reproduced in any form by any elec- tronic or mechanical means (including photocopying, recording, or information storage and retrieval) without permission in writing from the publisher. MIT Press books may be purchased at special quantity discounts for business or sales promotional use. For information, please email [email protected] or write to Special Sales Department, The MIT Press, 55 Hayward Street, Cambridge, MA 02142. Set in Palatino by Toppan Best-set Premedia Limited. Printed and bound in the United States of America. 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
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