Bøger af Ugwumba Egbuta

Academic Paper from the year 2019 in the subject Economics - International Economic Relations, , language: English, abstract: This work analyzes Africäs development crisis and the role of external lending institutions conerning the perspective in Nigeria. African countries came out of colonial rule with two major challenges related to achievement of sustainable development and unity in the continent. It decided to pursue unity which was a means to development. However, the prospects of development was inhibited or truncated by the outbreak of inter and intra-state conflicts that followed independence. To rebuild their economies, African countries resorted to borrowing from the Bretton Woods Institutions: the World Bank and the International Monetary Fund (IMF) and other international financial institutions. To this end, long and short-term loans were given to African leaders who either misapplied the facilities or could not cope with the conditionality associated with economic reform policies. It is in this light that this article interrogates the undercurrents of these conditions attached to the loans on Africa, with insights from the Nigerian experience. It unravels how the application of the loans and the reform policies complicated rather than addressing the developmental malaise that bedevilled post-colonial African states for which the loans were sought for in the first instance. The article further questions the rationale behind the acceptance of these loans by African leaders and why it has consistently favoured borrowing as a means of solving the continent¿s development challenges. It recommends, among other options, the evolvement of an alternative funding arrangement from within the continent devoid of external loan trappings.More importantly, having an effective tax system devoid of corruption, purposeful political leadership that will manage the financial sector will help the nation avert similar trend in future. Through these, resources will come from diverse sources that will help the continent develop, since events of the past has proven that these institutions operate loan policies that are not favourable to the developing countries. Above all, efforts should be made to strengthen institutions of government, especially, the anti-corruption and crimes ones to bring about financial accountability regime.

Academic Paper from the year 2019 in the subject Politics - International Politics - Topic: Peace and Conflict Studies, Security, grade: 2, , language: English, abstract: It is estimated that 70 per cent of over 10 million illegal weapons in circulation in West Africa are in Nigeria. It is in this light that this paper interrogates the escalation and dynamics of proliferation of arms that have fueled deadly insurgency in Nigeria. It examines the interplay of factors that underpins this security challenge. The paper relies mostly on news report and scholarly publications. It recommends among others the establishment of a National Commission on small arms to serve as a legal framework for combating arms proliferation in order to enhance human security in Nigeria.Nigeria has been besieged by the outbreak of violence conflicts which has over the years claimed thousands of lives and property. This is owing to the activities of kidnappers, armed robbers, sea pirates, political thugs, arms traffickers and most importantly, the extremist group: Boko Haram. BH has in the last nine years killed over 20,000 people in the North East Nigeria. The group has sustained its attacks on the state, brutally killing thousands of people including soldiers, women and children.All these armed activities continue unabated, partly because of unchecked arms proliferation in the country. These groups use both locally manufactured and imported devices to inflict havoc on the society. Their growing expertise in the use of explosives and other devises contributes to increased violent acts against the citizens and the state. Increasingly, these armed groups have acquired high level of sophistication in the production and use of these weapons in their operations.