Economic and Financial Review


Central Bank of Nigeria


Capital account, Capital account liberalization, Nigeria


Capital Account is one of the lynchpins of globalization and it is often seen as an inevitable path to economic development for developing countries. This is based on the premise that liberalizing capital account would permit financial resources to flow from capital abundant countries to capital scarce countries. This paper examines the problems, prospects and challenges of foreign private capital flows in Nigeria.

Author Bio

Dr. Odusola is a National Economist at the United Nations Development Programme (UNDP).

Publication Title

CBN Economic and Financial Review





Recommended Citation

Odushola, A. F. (2006). Capital account liberalization in Nigeria: problems and prospects. CBN Economic and Financial Review, 44(4), 117-156.

Included in

Economics Commons



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