Economic and Development Policy-Making in Nigeria

• Published in: Journal of African law Vol. 56; no. 1; pp. 109 - 138
• Main Author: Ezeani, Elimma C
• Format: Journal Article
• Language: English
• Published: Cambridge, UK Cambridge University Press 01.04.2012
• Subjects: Banking industry; Banking reforms; Case studies; Central banks; Crude oil; Crude oil prices; Developing countries; Development policy; Domestic affairs; Economic development; Exports; Globalization; Imports; Industrial development; International agreements; International economics; International trade; LDCs; Liberalization; Nigeria; Petroleum industry; Policy making; Political discourse; Regulation; Tariffs; Trade development; Trade legislation; Trade liberalization; Trade policy; World trade; Nigeria
• ISSN: 0021-8553; 1464-3731
• DOI: 10.1017/S0021855311000271

The difficulties in effective engagement with the global trade environment, especially given the rules-based system of world trade applicable to member states of the World Trade Organisation, are a constant subject for academic and political discourse, particularly when developing countries are involved. One consideration is however often overlooked: the internal constraints which must be faced in these countries along with their added obligations to comply with modern liberalization processes. This article studies these constraints by identifying the challenges facing one of sub-Saharan Africa's largest economies in constructing a stable legal framework for trade and development, which meets domestic needs and complies with the demands of the global market environment.