It is clear that a lot remains to be learnt about the role of the financial sector in African growth and development process. All three papers in this volume focus on the existing consensus in the literature that there seems to be a positive relationship between financial development and...

This study appraises non-monetary multidimensional poverty in Nigeria using the novel first order dominance approach developed by Arndt et al. (2012). It examines five dimensions of deprivation: education, water, sanitation, shelter, and energy-using comp

In this issue, geography, market integration and institutions are identified as the fundamental constraints on Africa's future prosperity. It is pointed out that, in line with the recommendations of The Report of the Commission for Africa, African governments and international partners can...

There is little disagreement amongst development economists that investments in human capital—specifically education and health—are crucial for social and economic development of nations. It is widely accepted that nations cannot raise the quality of life of their citizens without...

Most sub-Saharan African (SSA) countries have been recording considerable growth since the beginning of this century compared to the dismal and unstable growth experience of the 1980s and 1990s. In 2004, for instance, sub-Saharan Africa recorded a per capital gdp growth rate of about 2.6% but...