FREE BOOKS

Author's List




PREV.   NEXT  
|<   1272   1273   1274   1275   1276   1277   1278   1279   1280   1281   1282   1283   1284   1285   1286   1287   1288   1289   1290   1291   1292   1293   1294   1295   1296  
1297   1298   1299   1300   1301   1302   1303   1304   1305   1306   1307   1308   1309   1310   1311   1312   1313   1314   1315   1316   1317   1318   1319   1320   1321   >>   >|  
tional Association of Democratic Lawyers or NADL; National Association of Nigerian Students or NANS; Nigerian Bar Association or NBA; Nigerian Labor Congress or NLC; Nigerian Medical Association or NMA; the Press; Universal Defenders of Democracy or UDD International organization participation: ACP, AfDB, AU, C, ECOWAS, FAO, G-15, G-24, G-77, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IDB, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURCAT, MINURSO, MONUC, NAM, OAS (observer), OIC, OPCW, OPEC, PCA, UN, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIL, UNMIS, UNOCI, UNOMIG, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO Diplomatic representation in the US: chief of mission: Ambassador Oluwole ROTIMI chancery: 3519 International Court NW, Washington, DC 20008 telephone: [1] (202) 986-8400 FAX: [1] (202) 775-1385 consulate(s) general: Atlanta, New York Diplomatic representation from the US: chief of mission: Ambassador Robin SANDERS embassy: 1075 Diplomatic Drive, Central District Area, Abuja mailing address: P. O. Box 5760, Garki, Abuja telephone: [234] (9) 461-4000 FAX: [234] (9) 461-4036 Flag description: three equal vertical bands of green (hoist side), white, and green Economy Nigeria Economy - overview: Oil-rich Nigeria, long hobbled by political instability, corruption, inadequate infrastructure, and poor macroeconomic management, is undertaking some reforms under a new reform-minded administration. Nigeria's former military rulers failed to diversify the economy away from its overdependence on the capital-intensive oil sector, which provides 20% of GDP, 95% of foreign exchange earnings, and about 80% of budgetary revenues. The largely subsistence agricultural sector has failed to keep up with rapid population growth - Nigeria is Africa's most populous country - and the country, once a large net exporter of food, now must import food. Following the signing of an IMF stand-by agreement in August 2000, Nigeria received a debt-restructuring deal from the Paris Club and a $1 billion credit from the IMF, both contingent on economic reforms. Nigeria pulled out of its IMF program in April 2002, after failing to meet spending and exchange rate targets, making it ineligible for additional debt forgiveness from the Paris Club. In the last year the government has begun showing the political will to implement the market-oriented reforms urge
PREV.   NEXT  
|<   1272   1273   1274   1275   1276   1277   1278   1279   1280   1281   1282   1283   1284   1285   1286   1287   1288   1289   1290   1291   1292   1293   1294   1295   1296  
1297   1298   1299   1300   1301   1302   1303   1304   1305   1306   1307   1308   1309   1310   1311   1312   1313   1314   1315   1316   1317   1318   1319   1320   1321   >>   >|  



Top keywords:
Nigeria
 

Nigerian

 

Association

 

Diplomatic

 

reforms

 

Ambassador

 

exchange

 

failed

 

telephone

 
mission

country

 

political

 

sector

 

Economy

 

International

 

representation

 
foreign
 

intensive

 
overdependence
 

capital


minded
 

corruption

 

instability

 
inadequate
 
infrastructure
 
hobbled
 

overview

 

macroeconomic

 

management

 

military


rulers

 
diversify
 

administration

 

reform

 
undertaking
 

economy

 
agricultural
 

failing

 

spending

 

targets


program

 
credit
 

billion

 

contingent

 

economic

 

pulled

 

making

 
showing
 

implement

 

market