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

Edited by Jane I. Guyer, Northwestern University, LaRay Denzer, Northwestern University, Adigun Agbaje, University of Ibadan, Nigeria

ISBN 978-0-325-07065-0 / 0-325-07065-2 / 2002 / 320pp / Cloth
Imprint: Heinemann
Availability: In Stock

List Price: $67.95
Online Price: $54.36

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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 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 I. 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 I. 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

Also Available From Jane I. Guyer
Books
  • Money Struggles and City Life: Devaluation in Ibadan and Other Urban Centers in Southern Nigeria, 1986-1996 (Cloth)
  • Money Matters: Instability, Values, and Social Payments in the Modern History of West African Communities (Cloth)
Also Available From LaRay Denzer
Books
Also Available From Adigun Agbaje
Books
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