- Volume 10, Number 2 (2023)
UNLOCKING INCLUSIVE GROWTH: GOVERNANCE CHALLENGES IN WAEMU'S INVESTMENT LANDSCAPE
Camara Kone Fatoumata
Foreign direct investment (FDI) is an important source of external finance for developing countries. In the West African Economic and Monetary Union (WAEMU) region, FDI has experienced a relatively uneven development in recent years. However, it can have a significant impact on the host economies, including crowding in or displacing domestic investment. The effect of FDI on domestic investment is influenced by a wide range of factors, including competition regime, economic policy, level of technology, performance of domestic firms, and governance.
POVERTY REDUCTION IN NIGERIA: PROGRESS, CHALLENGES AND THE WAY FORWARD UNDER THE NEEDS POLICY
O. N. Njoku
This article examines the effectiveness of the National Economic Empowerment and Development Strategy (NEEDS) policy implemented by the Nigerian government as a means of poverty alleviation. It argues that NEEDS is merely an extension of the Structural Adjustment Program (SAP), which has further deepened the country's economic and social crises instead of ameliorating it. The article reviews past poverty eradication efforts in Nigeria and highlights the complexity and multidimensionality of poverty. The study concludes that NEEDS as a reform program is insufficient in addressing the root causes of poverty in Nigeria and recommends a new approach to poverty alleviation that...