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In sync with boom and bust in oil prices, the Nigerian economy endured a roller coaster ride during the past two decades. Real per capita income declined from $314 in 1980 to $248 in 2002, the number of people in poverty increased, the manufacturing sector shrank and the share of government expenditure doubled. Nigeria is battling what is termed the 'resource curse.'
Against this backdrop of economic conundrum, the Initiative for Policy Dialogue (IPD) hosted Country Dialogues in both 2002 and 2004 to help Nigeria explore alternative ways of achieving social and economic development.  |
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| Nigeria Country Dialogue 2004 |
| Event: May 06, 2004 - May 10, 2004 |
| In May 2004, IPD held its second Dialogue in Nigeria, where the team discussed the NEEDS Strategy, a strategy paper aimed to steer and implement economic development in Nigeria. IPD's first Nigeria Dialogue, in 2002, had served as input to this homegrown economic policy. The 2004 visit featured two large public forums and five separate meetings covering financial accountability, decentralization, oil revenue spending and savings, macroeconomic imbalances and agricultural growth. The first forum in Lagos was attended by about 300 people; that in Abuja exceeded 400, and both received extensive media coverage. |
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| Nigeria Country Dialogue 2002 |
| Event: Jan 18, 2002 - Jan 22, 2002 |
| In coordination with AIAE and UNDP, IPD held a series of policy dialogues in Nigeria in January 2002. The formal program included presentations Chief Economic Adviser to the President Magnus Kpakol and the Executive Governor of Enugu State His Excellency Dr. Chimaroke Nnamani. The IPD team focused on the need to strike a balance between centralized and decentralized power structures in economic policy planning and implementation, and presented an economic framework in which to analyze policy alternatives. Explicit effects of this dialogue on policy: the budget allocation to agricultural research was increased from $3.2 million to $8.9 million following; the Central Bank lowered interest rates to encourage the development of a competitive private sector, which the press attributed directly to the IPD Dialogue; the Aviation Minister quoted the country dialogue as the basis for a slow but efficient privatization of Nigeria Airways; the Freedom of Information Act (FOIA) became part of the next election campaign. There was significant press coverage and discussion throughout the policymaking and economic community. |
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| Browse Nigeria
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| Nigeria |
| Population: 137,253,133 |
| Life Expectancy: 50.49 yrs |
| GDP: $114.8 billion |
| GDP Real Growth Rate: 7.1% |
| GDP Per Capita: $900 |
GDP Composition:
- Agriculture: 30.8%
- Industry: 43.8%
- Services: 25.4% |
| Pop. below Poverty Line:60% |
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| Source: 2004 CIA Factbook |
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