• Nigeria Working Group

  Staff:	Princeton N. Lyman, Adjunct Senior Fellow for Africa Policy Studies

  February 1, 2003 - Present

  The Africa program was a co-sponsor of the Corporate Council on Africa-Nigeria Economic Summit Group’s U.S.-Nigeria Investment Conference in Abuja, September 15-17, 2004. The Council’s delegation included Council Senior Fellow Walter Mead, President of the Fund for Peace, Pauline Baker, and the Director. They met with the finance minister, the minister of education, several state governors and local government officials, and others. The Director gave an address on the final day of the investment conference. It indicates the importance, but still tenuousness of economic reform in Nigeria.

  The meetings in this project have helped shape what the Council can most usefully do to support the Nigerian reform effort. There is a dedicated and talented reform team in place in Nigeria, but their impact on other Ministries, the Assembly, and subsequently with State Governors is still quite uncertain. There is also considerable cynicism in Nigeria about reform.

  The project's efforts to develop an integrated political and economic strategy for debt-relief; election reform; and corruption intensified with the visit of the Nigerian Finance Minister, Dr. Ngozi Okonjo-Iweala in March and the Director’s visit to Nigeria later that month.

  During the minister’s visit, the Africa program hosted several meetings in New York and Washington. On March 1, Council member and Nigeria Working Group participant, George Soros hosted a dinner at his home for the minister with policymakers, media and business people. The New York Times ran a favorable editorial on Nigeria’s progress around the minister’s visit. At special Council briefing sessions in New York on March 2 and in Washington on March 3, hosted by our Nigeria project, the minister updated Council members and others on the progress to date of the government’s economic reforms.

  Growing out of these sessions, there have been significant developments. With Council help, Nigeria has now developed a more specific and effective debt relief strategy. The project is also heavily invested in addressing the need for electoral reform before the 2007 presidential election. The Director participated in a workshop on electoral reform in Nigeria, March 15-17, sponsored by American University and the Yar’Adua Memorial Center. The workshop developed a set of principles for party leaders and a specific set of needed reforms. The Director also was a speaker at the closing session of the workshop. Electoral reform is critical to stability and continuity in Nigeria after 2007 and it is an important step toward a more comprehensive debt relief strategy with creditors worried about post-2007 developments. Also, the project contributes to the development of the terms of reference and bidding requests for a complete audit of the Nigerian oil and gas sector. Once complete, the audit it will put Nigeria at the forefront of the Extractive Industries Transparency Initiative (EITI), endorsed at the last G8 meeting.

  In 2004, the project received funding from the Ford Foundation and Shell International. The project is currently funded by a grant from Shell International.

  The Director works with Equatorial Guinea, another oil-rich country in the region, to develop mechanisms to assure that oil proceeds are utilized for the benefit of the people in that country.

  During the 2005-2006 program year, the project will focus on electoral reform by helping in seminars for the National Conference on Political Reform created by President Obasanjo, the Nigerian Parliament, and the Nigerian NGO community. The first of these should be held within three months and the latter two by the end of 2005 or early 2006.

  The Director will visit the region several times in during the course of the year, traveling to the Gulf of Guinea and in other trips hosting small brainstorming sessions in the lead up to the 2007 elections in Nigeria in Abuja.

  
  

   

  • Publications  
  • Meetings  

   

  Publications

  March 19, 2005

  Electoral Reform: The Next Milestone in Nigeria's Democracy

  Author:	Princeton N. Lyman, Adjunct Senior Fellow for Africa Policy Studies

   

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  Meetings

  A Conversation with the Nigerian Minister of Finance

  Roundtable Meeting

  
  March 3, 2005

  Related Project: Nigeria Working Group

  Presider:	Princeton N. Lyman
  Speaker:	Ngozi Okonjo-Iweala, Republic of Nigeria

  Power Point Presentation

   

  Nigeria: An Update from the Finance Minister

  Roundtable Meeting

  
  March 2, 2005

  Related Project: Nigeria Working Group

  Presider:	Princeton N. Lyman
  Speaker:	Ngozi Okonjo-Iweala, Republic of Nigeria

  Power Point Presentation

   

  Update on Nigeria and the Delta

  Roundtable Meeting

  
  November 4, 2004

  Related Project: Nigeria Working Group

  Presider:	Princeton N. Lyman
  Speakers:	Christopher Finlayson, Regional CEO for EP Africa, Shell Africa
  	Aminu Wali, Permanent Representative of Nigeria, United Nations

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• The Global Finance Regime

  

  Explore the international finance regime with a new interactive from CFR's program on International Institutions and Global Governance.

  New Council Special Reports

  
  

  Enhancing U.S. Preventive Action

  Identifying international threats and acting on them may be the most difficult job for U.S. policymakers. This report provides an actionable road map for managing international threats before they erupt into crises and makes a strong case that preventive action is not a luxury but a necessity.

  The United States in the New Asia

  For more than a decade, the United States has mostly watched from the sidelines as Asian countries organize themselves into an alphabet soup of new multilateral groups. In this report, the authors review the relationship between pan-Asian and trans-Pacific institutions and suggest policy guidelines for a new U.S. approach to this new Asian landscape.

  Complete list of Council Special Reports

  New Books

  Start-Up Nation addresses the trillion-dollar question: How is it that Israel—a country of 7.1 million, only sixty years old, surrounded by enemies— produces more start-up companies than large, peaceful, and stable nations like Japan, China, India, Korea, Canada, and the UK? With the insights of geopolitical experts and investors, the authors examine this nation’s adversity-driven culture to answer this question and offer prescriptions for a global economy on the rebound.

  

  In Forces of Fortune, Vali Nasr presents a paradigm-changing revelation that will transform the understanding of the Muslim world at large. He reveals that there is a vital but unseen rising force in the Islamic world—a new business-minded middle class—that is building a vibrant new Muslim world economy and that holds the key to winning the cold war against Iran and extremists.

  In Cuba: What Everyone Needs to Know, Julia E. Sweig presents a remarkably accessible portrait of Cuba's unique place on the world stage over the past fifty years, including its internal politics, its often fraught relationship with the United States, and its shifting relationship with the global community.

  Complete list of CFR Books

  David Rockefeller Studies Program Contacts

  For more information on the David Rockefeller Studies Program, contact:

  James M. Lindsay
  Senior Vice President, Director of Studies, and Maurice R. Greenberg Chair
  +1.212.434.9626 (NY); +1.202.509.8405 (DC)
  jlindsay@cfr.org

  Janine Hill
  Deputy Director of Studies Administration
  +1.212.434.9753
  jhill@cfr.org

   

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