Nigeria as an emerging economy? Making sense of expectations

Bibliographic Data

ID5725128
AuthorsDavid U Enweremadu (University of Ibadan, corresponding author)
Year2013
Volume20
Issue1
Pages57-77
Publication date2013-04-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueSouth African Journal of International Affairs (JOURNAL)
Journal identifiersISSN: 1022-0461 • E-ISSN: 1938-0275
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/10220461.2013.780325
OpenAlexW2091705565
LanguageEN
Citations received8

Nigeria is a state that features prominently in current depictions of ‘emerging’ Africa, owing to its combination of assets and potential as a West African hub. Since returning to democracy in 1999, the country has witnessed significant economic and some political reforms which, along with rising demand for its natural resources, have helped ignite unprecedented economic growth, reaching nearly 7% during the period 2001–2011. As this article shows, however, despite these political and economic advances, Nigeria faces serious social, economic and political challenges owing to the predominance of private over public interests in government and in many public institutions. Rising poverty, insecurity and corruption underline the challenges that daily confront the country. Indeed, when one considers these challenges, and the attributes of other countries classified as emerging, it becomes difficult to sustain the labelling of Nigeria as an emerging market or economy

Development economics · Economic system · Economics · Economy · Emerging markets · Macroeconomics · Political economy · Political science · Economic Growth and Development

Tools

Open DOISci-Hub