Tag Archives for over-valuation

Nigeria’s flawed development

Ejike Udeogu

The low rate of profit attributable to real production is at the heart of the country’s longstanding growth and development problems Nigeria’s story of development is an interesting one, and not sufficiently told or understood outside of Nigeria and Africa more generally.  In the 1970s its government pursued the conventional import-substitution industrialisation strategy of that time.   The exchange policy adopted … Continue reading

27 August 2014 by
Categories: Development, Economics, SPERI Comment | Tags: , , , | Leave a comment