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Building a Virile Nation: The Private Sector Perspective presents a blueprint for every nation burdened by debilitating economic conditions and underdevelopment. It charts a course for sustainable economic development of nations as well as for propelling individuals to success in any endeavor. This collection is a major guide for governments and policy makers at all levels as well as budding and practicing business executives. It is expected that the readers shall be challenged, inspired, and empowered by some of the issues raised. "Ausbeth Ajagu is one of the Nation's emerging influencers. Author of many thought-provoking books, his latest work, Building a Virile Nation: The Private Sector Perspective, is a comprehensive roadmap for a nation in search of robust economy like Nigeria. I have no doubt in my mind that this book will inspire many people in and outside of government." -Dr. Sunny Obazu-Ojeagbase, FAES, Chairman, Success Attitude Development Centre, Publishers of Success Digest "Dr. Ausbeth Ajagu is a prolific writer whose thoughts have covered all imaginable problems that any country in the process of building is likely to face. Given his wealth of experience, he attempts in Building a Virile Nation a systematic approach to harnessing the resources of a nation and galvanizing such to propel the country to a respectable status among the comity of nations. I commend his efforts and fully recommend this interesting book to the public and private sectors of the economy." -Engr. Godwin Omene, FNSE, FAES, Former Managing Director, NDDC "God's divine grace brings out that potential gift in us according to His purpose. Dr. Ajagu has written another incisive masterpiece for our generation. It runs in the family gene/blood to the glory of God in Jesus name, amen." -Engr. Cyril Ajagu, FAES (VC/GMD, Universal Insurance Group Plc.) "The author's masterpiece is for all classes of people. It is for all men and women in all tiers of government. Reading the book with a clear mind and intention will definitely improve the quality of delivery of state's services. Practitioners in the private sector of our economy and those in the academia will find the book extremely useful." -Prof. Famous Izedonmi, FAES, Head, Department of Accounting, University of Benin
Nigeria has experienced significant economic progress since publication in 1999 of the first edition of Perspectives on Nigerian Economic Development. Two main drivers of this progress have been the beneficial return to democratic rule and the implementation of key economic reforms, particularly in pursuing external debt relief, implementing excess crude account to stabilize revenue volatility, introducing contributory pension schemes and taking steps to privatize key sectors such as telecommunications. This volume is focused on issues relating to good political and corporate governance and national development; budget and fiscal policy; the Nigerian financial and capital markets and banking. Part one deals with the issues of globalisation and how Nigeria can play in the emergent environment. Part two (Managing the Nigerian Economy), Part three (Strengthening the Nigerian Banking Sector and Part Four (Entrepreneurship and Corporate Governance) proffers ways and means of handling these intertwined aspects of national challenges. The final part - Key Sector Issues deals with three vital areas - Education, Transportation, and Oil and Gas.
Privatization which occupies the center stage in the global economy is regarded as an avenue for raising productivity and enhancing overall economic growth. This is achieved through increased involvement of the private sector in productive economic activities through the sale of public enterprises to the private sector, with a view of improving economic efficiency. With privatization, the role of government in direct productive activities diminishes as the private sector takes over such responsibilities. Under such a setting, government is expected to provide essential infrastructure and an enabling environment for private enterprise to thrive. Privatization is predicated on the assumption of state inefficiency and absolute efficiency of the market. As an innovative economic policy, Privatization started in Chile under the Military Government of General Augusto Pinochet in 1974 and was adopted in Britain between 1986 and 1987 as a central part of economic policy shift.