期刊名称：The Journal of Sustainable Development in Africa (JSDA)
电子版ISSN：1520-5509
出版年度：2006
卷号：8
期号：2
页码：93-93
出版社：Institute of Sustainable Development in Africa
摘要：The objective of this paper is to review the practice of monetary and fiscal policies in Nigeria
since independence. It shows how oil has turned Nigeria from a revenue generating to a
revenue sharing nation. This has led to immense difficulties in enshrining fiscal discipline at all
levels of government. Given the underdeveloped nature of the country¡¯s securities market, it is
not surprising that monetary policies have consistently been ineffective in this environment of
fiscal dominance. Finally, the paper argues that curbing the fiscal indiscipline of Government
will take much more than enshrining fiscal policy rules in our statute books. This is because the
statute books are replete with dormant rules and regulation. For any meaningful progress
towards fiscal prudence on the part of Government to occur, some powerful pro-stability
stakeholders strong enough to challenge government fiscal recklessness will need to emerge.
