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Money Struggles and City Life Devaluation in Ibadan and Other Urban Centers in Southern Nigeria, 1986-1996

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Jane I. Guyer, LaRay Denzer, Adigun Agbaje

Book Code: E07065

ISBN: 0-325-07065-2

ISBN-13: 978-0-325-07065-0

DOI:

320 pages, charts, tables

Heinemann

Publication: 5/21/2002

List Price: $67.95 (UK Sterling Price: £39.95)

Availability: In Stock

Media Type: Hardcover

Trim Size: 6 1/8 x 9 1/4

Subjects:

Description: This study examines the operations of the popular economy and social life of southern Nigerian people under the incoherent conditions that followed Nigeria's first currency devaluation in 1986. It describes in detail the institutional and cultural innovations that fostered local economic activity and strengthened social groupings. The book questions standard views of either chaos or stagnation in the African popular economy under autocratic rule and incoherent policy. It shows how over 100 million people continued to make a living and maintain high levels of equanimity and productivity even in the face of chronic turbulence. Despite economic challenges, regrouping, institutional innovation and cultural elaboration did take place, often in ways that reforged the relationship between formal and informal economic practices and among local, regional, and global economies. The book's case studies, taken together, identify distinct patterns and directions of growth at a time when many observ Despite economic challenges, regrouping, institutional innovation and cultural elaboration did take place, often in ways that reforged the relationship between formal and informal economic practices and among local, regional, and global economies. The book's case studies, taken together, identify distinct patterns and directions of growth at a time when many observers thought that chaos seemed the most likely outcome. This is an important contribution to the literature on the social history of globalization and to interdisciplinary analyses of local social, cultural, and political economic systems.

Table of Contents:

Foreword
Introduction
Ibadan Metropolis
Personal Rule and Regional Politics: Ibadan under Military Regimes, 1986-1996, Adigun Agbaje
Ibadan Local Government and Neoliberal Reforms: Fragmentation and Impoverishment, Stanley
Okafor
Houses as Assets and As Homes: Urban Construction and Devaluation in Ibadan, Ben C. Arimah
Family Life under Economic Adjustment: The Rise of Child Bread-Winners, Austin N. Isamah and Rasidi A. Okunola
Occupations
Growth and Change in the Ibadan Underground Foreign Exchange Market during Devaluation, Charles Olutayo Adesina
High Fashion and Fluctuating Fortunes: The Nigerian Garment Industry under Structural Adjustment, LaRay Denzer
"Kos'ona Miran" ("No Other Way"): Necessity and Invention in Mechanized Farming, Jane
Guyer
The Tokunbo Phenomenon and the Transformation of the Motor Mechanic Trade in Ibadan, Chris Ikporukpo
Living and Trusting in the Economy of Debt: The Distribution of Newspapers and Magazines in Ibadan, Elena Obukhova
Refuse Dumps and Waste Recyclers in the Era of Structural Adjustment, M.K.C. , et al
Culture
"Money-Magic" and Ritual Killing in Contemporary Nigeria, Iheanyi M. Enwerem
Devaluation and the Video Boom: Economics and Thematics, Jonathan Haynes
International Connections
Building Status and Overseas Networks: Erin-Osun Artists Manage Devaluation, Debbie Klein
Igbo Emigrants in Chicago Invest at Home, 1986-1996: The Case of Houses, Una Okonkwo

LC Card Number: 2001051631

LCC Class: HG1381

Dewey Class: 332


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