NGF logo

Please use this identifier to cite or link to this item: http://ngfrepository.org.ng:8080/jspui/handle/123456789/1110
Full metadata record
DC FieldValueLanguage
dc.contributor.authorDavid Nabena-
dc.date.accessioned2020-09-02T13:31:02Z-
dc.date.available2020-09-02T13:31:02Z-
dc.date.issued2019-
dc.identifier.citationNabena D. (2019) Managing Volatility in Nigeria. Nigeria Governors' Forumen_US
dc.identifier.isbn978-978-56975-8-2-
dc.identifier.urihttp://ngfrepository.org.ng:8080/jspui/handle/123456789/1110-
dc.description.abstractIn recent times, Nigeria has faced headwinds that have posed serious fiscal and macroeconomic risks. Subdued oil prices since mid-2014 was the latest of the recurring episodes of boom and bust cycles, similar to the oil collapse of 1980 – 1986, and the sharp decline recorded in 2009 when oil price fell from over US$100 to US$60 within a year. Between 2014 and 2016, the cost of crude fell to levels not seen in the last decade; and it became the third largest in the last 30 years, when oil began trading in the futures exchange. Five years after, macroeconomic disruptions have remained larger than fundamentals alone would have suggested, with the impact reflecting poor government policy choices before and after the shock. Volatility is rising, with latent fragility in economic, fiscal and social stability. The phenomenon has continued to diminish the government's capacity to manage macroeconomic, exchange rate and fiscal policies, necessitating the need for consensus on pooled governance reforms, including specific mechanisms to dampen the volatility, reforms to realign the social contract between the government and the citizens, and a new deal on fiscal federalism.en_US
dc.language.isoenen_US
dc.publisherNigeria Governors' Forum Publishingen_US
dc.subjectManagingen_US
dc.subjectVolatilityen_US
dc.subjectNIGERIAen_US
dc.titleMANAGING VOLATILITY IN NIGERIAen_US
dc.typeBooken_US
Appears in Collections:MANAGING VOLATILITY IN NIGERIA

Files in This Item:
File Description SizeFormat 
Managing Volatility in Nigeria_.pdf4.54 MBAdobe PDFView/Open


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.