I. MACROECONOMIC FRAMEWORK Managing Macroeconomic Volatility; D.Addison Oil, Growth and Governance in Nigeria; P.Collier Central Bank of Nigeria: Dependent, Independent or Regional; X.Debrun, C.Pattillo & P.Masson Institutions and the Political Economy of Rents from Oil; A.Subramanian & X.Sala-I-Matin Nigeria and ECOWAS Common External Tariff Regime: Prospects and Challenges; A.Adenikinju & O.Alaba Monetary Management of Oil Price Surges; C.Adam & B.Goderis Fiscal Policy Coordination for Macroeconomic Stability in Nigeria; O.Ajakaiye II. CLIMATE FOR PRIVATE ENTERPRISE Competitiveness of Nigerian Labor Manufacturing Firms; V.Ramachandran, J.M.Marchat & M.Shah Policy Lessons from Nigerian Firm Survey; A.Malik & F.Teal How Competitive are Nigerian Ports in West Africa; O.Oji & C.Agu Nigeria's Agricultural Export Potentials; E.Ukeje, A.Daramola, John McIntire & S.Ehui III. HOUSEHOLDS: POVERTY AND INCOME DISTRIBUTION Universal Education Policies and Socio-Economic Outcomes; E.N.Egbuna & U.O.Osili Women Education and Child Nutrition in South Western Nigeria; A.Aromolaran Poverty in Nigeria; S.Appleton, A.MacKay & B.Adewunmi IV. THE FINANCIAL SYSTEM Nigerian Money Market: Structure, Performance and Prospects; A.Teriba Interest Rate Spreads, Competition and Distress in Nigerian Banking System; M.Ajayi & O.Sobodu V. GOVERNMENT: PUBLIC EXPENDITURE AND SERVICE DELIVERY Fiscal Federalism: Issues, Challenges and Agenda for Reform; A.Englama & A.Ekpo Fiscal Federalism and Service Delivery in Nigeria; F.Odoko & J.Nnanna Setting Hard Budget Constraints for Nigerian States; V.Kwakwa Reforming Nigeria's Power Sector for Growth in Investment and Efficiency; B.S.Adebusuyi Issues of Governance; C.N.O.Mordi & P.Collier Oil; C.McPherson Power; P.Tallagaprada & S.V.Iyer TITLE; M.Stevens TITLE; P.Osafo-Kwaako