Report

Nigeria 2011 : An Assessment of the Investment Climate in 26 States

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collection.link.75
https://openknowledge.worldbank.org/handle/10986/2183
collection.name.75
Investment Climate Assessment
dc.contributor.author
Iarossi, Giuseppe
dc.contributor.author
Clarke, George R. G.
dc.contributor.editor
Iarossi, Giuseppe
dc.contributor.editor
Clarke, George R. G.
dc.date.accessioned
2017-06-27T16:26:21Z
dc.date.available
2017-06-27T16:26:21Z
dc.date.issued
2011-06
dc.date.lastModified
2017-12-13T14:41:56Z
dc.description.abstract
This investment climate analysis reviews the experiences of over 3000 surveyed business owners in 26 states of Nigeria about the aspects of the business climate that affect their businesses. It complements a similar study in 2007 that covered 11 other Nigerian states. The survey asks business owners about both their perceptions and the actual costs of selected constraints. The analysis benchmarks Nigeria against comparator countries, and provides detailed data for each state. Nigerian firms have low productivity, as measured by their output in relation to their labor and capital inputs. Firms in Kenya are about 40 percent more efficient, firms in Russia almost twice as productive, and firms in South Africa almost four times as productive. Nigerian firms that export are about 90 percent more productive than non-exporters. Although labor in Nigeria is inexpensive, it is not inexpensive enough to compensate for this low productivity. The poor performance of Nigerian firms reflects many factors. This study focuses on constraints in the business climate and the serious costs they impose on Nigerian firms. Taken together, the total indirect costs of poor quality infrastructure, crime and security, and corruption amount to over 10 percent of sales for Nigerian firms. This is twice as high as in South Africa, Brazil, Russia and Indonesia. Microenterprises firms with fewer than five workers face similar constraints as larger firm's unreliable power, limited access to finance, corruption, and transportation bottlenecks. But the consequences for their businesses are far more severe. For instance, most microenterprises cannot afford generators, so power outages are more likely to shut down their operation. Lacking collateral, almost no microenterprises have access to formal external financing.
en
dc.identifier
http://documents.worldbank.org/curated/en/732561468144277467/Nigeria-2011-an-assessment-of-the-investment-climate-in-26-states
dc.identifier.uri
http://hdl.handle.net/10986/27340
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
ACCESS TO CREDIT
dc.subject
ACCESS TO FINANCE
dc.subject
ACCESS TO FINANCING
dc.subject
ACCOUNTING
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ACCOUNTS RECEIVABLE
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ACTUAL COSTS
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AMOUNT OF COLLATERAL
dc.subject
BANK LOANS
dc.subject
BANKING SECTOR
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BANKING SECTORS
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BANKS
dc.subject
BARRIERS TO WOMEN
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BORROWER
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BORROWING
dc.subject
BRIBE
dc.subject
BRIBES
dc.subject
BUSINESS ENVIRONMENT
dc.subject
BUSINESS OWNER
dc.subject
BUSINESS OWNERS
dc.subject
CASH FLOW
dc.subject
CHILD CARE
dc.subject
COLLATERAL
dc.subject
COLLATERAL AMOUNT
dc.subject
COLLATERAL AMOUNTS
dc.subject
COLLATERAL REQUIREMENT
dc.subject
COLLATERAL REQUIREMENTS
dc.subject
COMPANY
dc.subject
CORRUPTION
dc.subject
COST OF CAPITAL
dc.subject
COST OF CREDIT
dc.subject
COUNTRY COMPARISONS
dc.subject
CREDIT HISTORY
dc.subject
CREDIT REPORT
dc.subject
CURRENCY
dc.subject
DEBT
dc.subject
DEBT LEVEL
dc.subject
DEBT LEVELS
dc.subject
DEVELOPING COUNTRIES
dc.subject
DEVELOPMENT BANK
dc.subject
DOMESTIC CREDIT
dc.subject
DOMESTIC MARKETS
dc.subject
EARNINGS
dc.subject
ECONOMIC CRITERIA
dc.subject
ECONOMIC EMPOWERMENT
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIES OF SCALE
dc.subject
EMPLOYEE
dc.subject
EMPLOYERS
dc.subject
EMPLOYMENT
dc.subject
EMPLOYMENT GROWTH
dc.subject
ENTREPRENEUR
dc.subject
ENTREPRENEURIAL POTENTIAL
dc.subject
EQUIPMENT
dc.subject
EXCHANGE RATE
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EXCHANGE RATES
dc.subject
EXPANSION
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EXPORTER
dc.subject
EXPORTERS
dc.subject
EXTERNAL FINANCING
dc.subject
FAMILY RESPONSIBILITIES
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FEMALE BUSINESS
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FEMALE ENTREPRENEURS
dc.subject
FEMALE ENTREPRENEURSHIP
dc.subject
FINANCE ACCESS
dc.subject
FINANCE COST
dc.subject
FINANCES
dc.subject
FINANCIAL INSTITUTION
dc.subject
FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL PRODUCTS
dc.subject
FINANCIAL STRUCTURE
dc.subject
FINANCIAL SUPPORT
dc.subject
FINANCIAL SYSTEM
dc.subject
FINANCING SOURCES
dc.subject
FIRM PERFORMANCE
dc.subject
FIRM SIZE
dc.subject
FIXED ASSET
dc.subject
FIXED ASSETS
dc.subject
FOREIGN FIRMS
dc.subject
GENDER
dc.subject
GENDER DIFFERENCES
dc.subject
GENDER EQUALITY
dc.subject
GENDER GAP
dc.subject
GENDER GAPS
dc.subject
GOVERNMENT REGULATIONS
dc.subject
HIGH INTEREST RATE
dc.subject
HIGH INTEREST RATES
dc.subject
HOLDING
dc.subject
HOUSEHOLDS
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN RESOURCES
dc.subject
INCOMPLETE APPLICATION
dc.subject
INDIRECT COST
dc.subject
INFORMATIONAL ASYMMETRIES
dc.subject
INTEREST RATES
dc.subject
INTERNAL FINANCE
dc.subject
INTERNAL FINANCING
dc.subject
INTERNAL FUNDS
dc.subject
INTERNATIONAL MARKETS
dc.subject
INTERNATIONAL STANDARDS
dc.subject
INVENTORIES
dc.subject
INVESTMENT CLIMATE
dc.subject
JOB CREATION
dc.subject
LABOR COSTS
dc.subject
LABOR MARKET
dc.subject
LAND AS COLLATERAL
dc.subject
LAWS
dc.subject
LEGISLATION
dc.subject
LENDER
dc.subject
LENDERS
dc.subject
LICENSING
dc.subject
LIMITED ACCESS
dc.subject
LIMITED ACCESS TO FINANCE
dc.subject
LINE OF CREDIT
dc.subject
LINES OF CREDIT
dc.subject
LOAN
dc.subject
LOAN APPLICATIONS
dc.subject
LOAN APPROVAL
dc.subject
LOAN PERIODS
dc.subject
LOAN SIZE
dc.subject
LOC
dc.subject
LOCAL CURRENCY
dc.subject
LONG-TERM FINANCE
dc.subject
LONG-TERM INVESTMENT
dc.subject
LONG-TERM LOANS
dc.subject
MACROECONOMIC ENVIRONMENT
dc.subject
MANUFACTURERS
dc.subject
MATERIAL OBSTACLE
dc.subject
MATERNITY LEAVE
dc.subject
MATURITY
dc.subject
MICROENTERPRISES
dc.subject
MUNICIPAL GOVERNMENTS
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NATURAL RESOURCES
dc.subject
NEW ENTRANTS
dc.subject
OVERDRAFT
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OVERDRAFT FACILITY
dc.subject
OVERDRAFTS
dc.subject
PENALTIES
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PERSONAL ASSETS
dc.subject
POLICY DESIGN
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POLICY ENVIRONMENT
dc.subject
POOR CREDIT
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POOR CREDIT HISTORY
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PRIVATE CREDIT
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PRODUCTIVITY
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PROFITABILITY
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PROPRIETORSHIP
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PUBLIC POLICY
dc.subject
RETAINED EARNINGS
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
SAVINGS
dc.subject
SIZE OF FIRM
dc.subject
SMALL FIRM
dc.subject
SMALL FIRMS
dc.subject
START-UP
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START-UP CAPITAL
dc.subject
STATE OWNED BANKS
dc.subject
SUPPLIERS
dc.subject
TAX
dc.subject
TAX ADMINISTRATION
dc.subject
TAX RATES
dc.subject
TAXATION
dc.subject
TELECOMMUNICATIONS
dc.subject
TRADE CREDIT
dc.subject
TRADE FACILITATION
dc.subject
TRANSPORT
dc.subject
UNACCEPTABLE COLLATERAL
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WAGE DIFFERENTIAL
dc.subject
WAGES
dc.subject
WOMAN
dc.subject
WOMEN BUSINESS OWNERS
dc.subject
WOMEN ENTREPRENEURS
dc.subject
WOMEN IN BUSINESS
dc.subject
WORKING CAPITAL
dc.title
Nigeria 2011
en
dc.title.subtitle
An Assessment of the Investment Climate in 26 States
en
dc.type
Report
en
okr.date.disclosure
2012-08-17
okr.doctype
Economic & Sector Work :: Investment Climate Assessment
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/732561468144277467/Nigeria-2011-an-assessment-of-the-investment-climate-in-26-states
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000386194_20120817041046
okr.identifier.internaldocumentum
16613534
okr.identifier.report
71891
okr.imported
true
okr.language.supported
en
okr.pdfurl
http://documents.worldbank.org/curated/en/732561468144277467/pdf/718910WP0Box370Climate0in0260States.pdf
en
okr.region.administrative
Africa
okr.region.country
Nigeria
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Finance and Financial Sector Development :: Microfinance
okr.topic
Private Sector Development :: Small and Medium Size Enterprises
okr.topic
Gender :: Gender and Economics
okr.topic
Macroeconomics and Economic Growth :: Investment and Investment Climate
okr.topic
Private Sector Development :: Business Environment
okr.topic
Private Sector Development :: Microenterprises
okr.unit
AFT: Finance & Priv Sect Dev FO (AFTFP)

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