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The Advance of African Capital: The Growth of Nigerian Private Enterprise

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Professor Tom Forrest's The Advance of African Capital: The Growth of Nigerian Private Enterprise provides a detailed and extensive account of medium- and large-scale African business. Up-to-date and comprehensive, it examines the growth of private enterprise in Nigeria, giving profiles of the country's key entrepreneurs.

Combining ethnographic and historical perspectives, Forrest examines the strategies and patterns of development employed by businesspeople from the colonial period to the present. Through a series of highly readable case studies, he provides a broad picture of the Nigerian private enterprise's forms of capital accumulation and advances in trade, transport, manufacture, agriculture, finance, and other services. The case studies are set within the context of changing economic opportunities, shifts in power and policy, relations with foreign capital, and attitudes toward private business and the state.

Not only an invaluable digest of Nigeria's business activity, Forrest's study also challenges the existing views about African enterprise and is highly relevant to policymakers concerned with economic development.