Working Paper

Issues in Sub-National Borrowing in Nigeria

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collection.link.213
https://openknowledge.worldbank.org/handle/10986/11866
collection.name.213
Other papers
dc.contributor.author
Ekpo, Akpan H.
dc.date.accessioned
2015-04-27T20:13:48Z
dc.date.available
2015-04-27T20:13:48Z
dc.date.issued
2015-03
dc.date.lastModified
2021-04-23T14:04:04Z
dc.description.abstract
Since 1991 the share of sub-national outlays in total government spending has increased, reflecting their active role in service delivery and greater autonomy in policy-making and implementation. As a result, sub-national economic policies have taken on an increasingly important role in ensuring macroeconomic stability. The rising share of sub-national finance, including sub-national Governments (SNGs) debt as a share of general public debt abundantly reflects this trend of greater devolution of spending responsibilities, revenue - raising authority and the capacity to incur debt. The growing importance of SNG finances and the recognition that the trend can pose dangers to macroeconomic stability have informed different institutional responses to the difficulties of decentralized decision-making, especially addressing the need to improve policy coordination across levels of government and contain sub-national borrowing. The purpose of this paper is to articulate some issues in SNG borrowing arising from the peculiarities of the Nigerian situation. To this end, the paper is divided into four parts. Part one gives introduction. Part two outlines the models of control of sub-national borrowing across the developing and emerging market countries. It also highlights Nigeria's efforts in this regard. Part three outlines the structure of fiscal federalism in Nigeria highlighting constitutional, legislative, and administrative provisions for the sector, revenue allocation, revenue - expenditure gap, while part four dwells on the leading issues and challenges in SNG borrowing in Nigeria.
en
dc.identifier
http://documents.worldbank.org/curated/en/2015/03/24225082/issues-sub-national-borrowing-nigeria
dc.identifier.uri
http://hdl.handle.net/10986/21787
dc.language
English
dc.language.iso
en_US
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ADMINISTRATIVE CONTROLS
dc.subject
AMOUNT OF LOANS
dc.subject
BALANCE OF PAYMENTS
dc.subject
BANK LOANS
dc.subject
BENEFICIARIES
dc.subject
BOND
dc.subject
BOND ISSUES
dc.subject
BONDS
dc.subject
BORROWER
dc.subject
CAPACITY BUILDING
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKETS
dc.subject
CASH FLOW
dc.subject
CENTRAL BANK
dc.subject
CENTRAL GOVERNMENT
dc.subject
COMMERCIAL BANKS
dc.subject
CONTINGENT LIABILITIES
dc.subject
CORPORATE BOND
dc.subject
CORPORATE BOND ISSUANCE
dc.subject
CREDIT SCHEME
dc.subject
CREDIT SCHEMES
dc.subject
DEBT
dc.subject
DEBT CONTROL
dc.subject
DEBT DATA
dc.subject
DEBT MANAGEMENT
dc.subject
DEBT MANAGEMENT DEPARTMENT
dc.subject
DEBT MANAGEMENT FUNCTIONS
dc.subject
DEBT MANAGEMENT OFFICE
dc.subject
DEBT MANAGEMENT PRACTICE
dc.subject
DEBT PORTFOLIO
dc.subject
DEBT SERVICE
dc.subject
DEBT SERVICING
dc.subject
DEBT SERVICING CAPACITY
dc.subject
DECENTRALIZATION
dc.subject
DEVELOPING COUNTRIES
dc.subject
DOMESTIC BANK
dc.subject
DOMESTIC BORROWING
dc.subject
DOMESTIC DEBT
dc.subject
DOMESTIC DEBT MANAGEMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC POLICIES
dc.subject
ECONOMIC POLICY
dc.subject
EMERGING MARKET
dc.subject
EMERGING MARKET COUNTRIES
dc.subject
EXCHANGE COMMISSION
dc.subject
EXCHANGE RATE
dc.subject
EXPENDITURE
dc.subject
EXTERNAL BORROWING
dc.subject
EXTERNAL BORROWINGS
dc.subject
EXTERNAL DEBT
dc.subject
EXTERNAL LOAN
dc.subject
EXTERNAL LOANS
dc.subject
FARMERS
dc.subject
FEDERAL DEBT
dc.subject
FEDERAL MINISTRY
dc.subject
FEDERAL TRANSFERS
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FISCAL FEDERALISM
dc.subject
FISCAL RESPONSIBILITY
dc.subject
GOVERNMENT BORROWING
dc.subject
GOVERNMENT SPENDING
dc.subject
HUMAN DEVELOPMENT
dc.subject
INCOME TAX
dc.subject
INTEREST RATE
dc.subject
ISSUANCE
dc.subject
LENDER
dc.subject
LOAN
dc.subject
LOAN REPAYMENTS
dc.subject
LOCAL CURRENCY
dc.subject
LOCAL GOVERNMENT
dc.subject
LOCAL GOVERNMENT BORROWING
dc.subject
LOCAL GOVERNMENTS
dc.subject
MACROECONOMIC IMPACT
dc.subject
MACROECONOMIC STABILITY
dc.subject
MARKET BORROWINGS
dc.subject
MARKET DISCIPLINE
dc.subject
MEDIUM ENTERPRISES
dc.subject
MINISTRY OF FINANCE
dc.subject
NATIONAL DEBT
dc.subject
NATIONAL DEBT MANAGEMENT
dc.subject
NATIONAL ECONOMIC POLICIES
dc.subject
NATIONAL GOVERNMENTS
dc.subject
PAYMENT ORDER
dc.subject
PAYMENT ORDERS
dc.subject
PERSONAL INCOME
dc.subject
POLICY COORDINATION
dc.subject
PORTFOLIO
dc.subject
PRIVATE CAPITAL
dc.subject
PROVISION OF INFRASTRUCTURE
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC DEBT MANAGEMENT
dc.subject
PUBLIC FINANCES
dc.subject
REPAYMENT
dc.subject
REVENUE ALLOCATION
dc.subject
RISK MANAGEMENT
dc.subject
SAVINGS
dc.subject
SECURITIES
dc.subject
SINKING FUND
dc.subject
STATE GOVERNMENT
dc.subject
STATE GOVERNMENTS
dc.subject
STATE GOVERNORS
dc.subject
SUB-NATIONAL
dc.subject
SUB-NATIONAL BORROWING
dc.subject
SUB-NATIONAL DEBT
dc.subject
SUB-NATIONAL FINANCE
dc.subject
SUB-NATIONAL GOVERNMENT
dc.subject
SUB-NATIONAL GOVERNMENTS
dc.subject
TAX
dc.subject
TAXATION
dc.subject
TOTAL EXTERNAL DEBT
dc.subject
TRANSPARENCY
dc.title
Issues in Sub-National Borrowing in Nigeria
en
dc.type
Working Paper
en
okr.date.disclosure
2015-04-01
okr.doctype
Publications & Research
okr.doctype
Publications & Research :: Working Paper
okr.docurl
http://documents.worldbank.org/curated/en/2015/03/24225082/issues-sub-national-borrowing-nigeria
okr.globalpractice
Finance and Markets
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000442464_20150401103532
okr.identifier.internaldocumentum
24225082
okr.identifier.report
95345
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/04/01/000442464_20150401103532/Rendered/PDF/953450WP00PUBL0MENT0BORROWING0final.pdf
en
okr.region.administrative
Africa
okr.region.country
Nigeria
okr.topic
International Economics and Trade :: External Debt
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth :: Subnational Economic Development
okr.topic
Urban Development :: Urban Economics

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