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Debt Trap in Nigeria

Mansur Muhtar Ngozi Okonjo-Iweala Charles C. Soludo
Price: $ 24.95

The Debt Trap in Nigeria¿Towards A Sustainable Debt Strategy is the first major study to put the debt question in Nigeria into perspective. It is the outcome of a historic conference held in May 2001, at Abuja, to debate Nigeria¿s future in the context of the debt overhang. Convened by the National Debt Management Office, in collaboration with the African Institute for Applied Economics, Enugu, and the UK Department for International Development, the Conference was attended by a broad spectrum of local and international participants from the public and private sector.

This book captures the salient points of the various presentations, highlighting the consensus reached on the way forward, the recommendations proffered on reducing the debt burden, for strengthening the institutional framework for debt and resource management, and for resuming sustainable development. The call is to all involved, Nigerians in general and the international community in particular, to more proactively work to help the country exit the debt trap, and refocus its resources on fighting poverty including the achievement of the internationally agreed millennium development goals.

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