Nigeria Confronts Post-Crisis Global Economic Realities

4 Pages Posted: 31 May 2014

Date Written: May 29, 2014


Nigeria has long been trying to learn how best to manage boom-bust cycles in global commodity prices, adopting an oil-price benchmark for annual budgets while saving revenues above the benchmark in an excess crude account in the half decade before the 2008/2009 global crisis. The crisis and its aftermath now dictate that the country needs additional lessons on how best to manage surge-shortage cycles in global liquidity. Managing frequent external trade shocks is now only a part of the story, managing frequent external financial shocks, particularly with the intricate interactions between the two, is the other part.

Keywords: Nigeria, Boom-Bust Cycles, Global Commodity Prices, Oil Price, Surge-Shortage Cycles, Global Liquidity, Capital Flows, Current Account Shocks, Capital Account Shocks

JEL Classification: F01, F32

Suggested Citation

Teriba, Ayo, Nigeria Confronts Post-Crisis Global Economic Realities (May 29, 2014). Available at SSRN: or

Ayo Teriba (Contact Author)

Economic Associates ( email )

1st Floor Lindev Plaza, 16 Amodu Ojikutu Street
PO Box 70909
Victoria Island Lagos
+234 1 461 0802 (Phone)
+234 1 461 0805 (Fax)


Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
PlumX Metrics