Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 1. Executive Summary

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collection.link.76
https://openknowledge.worldbank.org/handle/10986/2184
collection.name.76
Country Economic Memorandum
dc.contributor.author
World Bank
dc.date.accessioned
2012-06-12T16:43:34Z
dc.date.available
2012-06-12T16:43:34Z
dc.date.issued
2007-05
dc.date.lastModified
2017-12-13T13:37:05Z
dc.description.abstract
The theme of this report is Nigeria's competitiveness and growth. This report consequently focuses on constraints, opportunities and strategic choices associated with increasing productivity and growth of the Nigerian economy on a sustained basis. Its objective is not to present a "blueprint" for Nigeria's growth but rather to raise issues and provide some options for the consideration of policy makers and other Nigerian stakeholders. The report is structured in four main sections. The first section analyzes Nigeria's growth history, examines the recent growth pick up and assesses its sustainability. The second section analyses how the critical constraints to competitiveness and growth may be addressed. The third section discusses how trade -domestic and external - can be used more effectively to drive growth and poverty reduction. The final chapter provides policy conclusions and suggestions on what could be key elements of a growth agenda for Nigeria. The analysis in this report suggests the following key elements for a growth strategy for Nigeria: 1) Strengthening actions to tackle the most immediate constraints to the competitiveness of the economy presented by infrastructure and the business environment; 2) Using domestic trade more effectively to enhance productivity and competitiveness by strengthening their functioning, and building stronger linkages between the oil and non-oil sectors, and over time strengthening Nigeria's integration into global markets; 3) Ensuring that the poor can participate more fully in growth by placing urgent emphasis on (i) finding ways to give back some of the proceeds of oil windfall directly to Nigerians; (ii) raising agricultural productivity-including through enhanced technology; and (iii) encouraging the transition from informality to the formal sector; and 4) Building the human capital and technological base of the economy over the longer term.
en
dc.identifier
http://documents.worldbank.org/curated/en/2007/05/8316760/nigeria-competitiveness-growth-country-economic-memorandum-vol-1-3-executive-summary
dc.identifier.uri
http://hdl.handle.net/10986/7827
dc.language
English
dc.publisher
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 CAPITAL
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ACCOUNTING
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AGRICULTURE
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ARREARS
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AUCTION SYSTEM
dc.subject
BANK LIQUIDITY
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BANKING SECTOR
dc.subject
BENCHMARK
dc.subject
BENCHMARKING
dc.subject
BENCHMARKS
dc.subject
BINDING CONSTRAINT
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BINDING CONSTRAINTS
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BLUE CHIP
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BOND
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BOND MARKET
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BOOM-BUST CYCLES
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BUSINESS CLIMATE
dc.subject
BUSINESS ENVIRONMENT
dc.subject
CAPACITY BUILDING
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CAPITAL BASE
dc.subject
CAPITAL MARKET
dc.subject
CAPITAL MARKET DEVELOPMENT
dc.subject
CAPITAL MARKETS
dc.subject
COMMERCIAL CONTRACTS
dc.subject
COMPETITIVE ADVANTAGE
dc.subject
COMPETITIVENESS
dc.subject
CONSOLIDATION PROCESS
dc.subject
CONSUMERS
dc.subject
CONTRACT ENFORCEMENT
dc.subject
CORPORATE BOND
dc.subject
CORPORATE BOND ISSUES
dc.subject
COST EFFECTIVENESS
dc.subject
CREDIBILITY
dc.subject
CREDIT HISTORY
dc.subject
CREDIT QUALITY
dc.subject
CREDITOR
dc.subject
CREDITOR RIGHTS
dc.subject
CURRENT ACCOUNT BALANCE
dc.subject
CURRENT ACCOUNT SURPLUSES
dc.subject
DEBT
dc.subject
DEBT ACCUMULATION
dc.subject
DEBT AGREEMENT
dc.subject
DEBT OVERHANG
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DEBT RELIEF
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DEFAULT RISK
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DEFICITS
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DEMOCRATIC INSTITUTIONS
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DEPOSIT
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DEPOSITS
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DOCUMENTATION REQUIREMENTS
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DOMESTIC ECONOMY
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DOMESTIC MARKET
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DOMESTIC MARKETS
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DURABLE
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DUTCH AUCTION
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ECONOMIC DEVELOPMENT
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ECONOMIC DEVELOPMENTS
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC PROGRESS
dc.subject
EMERGING ECONOMIES
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ENTERPRISE PERFORMANCE
dc.subject
EQUIPMENT
dc.subject
EQUITY FUNDS
dc.subject
EXCESS LIQUIDITY
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EXCHANGE RATE
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EXCHANGE RATES
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EXISTING INFRASTRUCTURE
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EXPENDITURE
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EXPENDITURES
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EXPORT MARKETS
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EXPORT PERFORMANCE
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EXPORTER
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EXPORTS
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EXTERNAL DEBT
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FEDERAL AGENCY
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FINANCIAL HEALTH
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FINANCIAL INSTITUTIONS
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKET
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FINANCIAL SECTOR
dc.subject
FINANCIAL SECTOR DEVELOPMENT
dc.subject
FINANCIAL SYSTEM
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FISCAL DEFICIT
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FISCAL DISCIPLINE
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FISCAL POLICY
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FOREIGN COMPANIES
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FOREIGN EXCHANGE
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FOREIGN EXCHANGE MARKETS
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FOREIGN EXCHANGE RESERVES
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FOREIGN EXCHANGE TRANSACTIONS
dc.subject
FOREIGN MARKETS
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GDP
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GDP PER CAPITA
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GLOBAL MARKET
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GLOBAL MARKETS
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GLOBAL STANDARDS
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GOVERNMENT ACTION
dc.subject
GOVERNMENT BUDGETS
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GOVERNMENT FUNDING
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GOVERNMENT POLICY
dc.subject
GOVERNMENT SPENDING
dc.subject
GOVERNMENT SUPPORT
dc.subject
HUMAN CAPITAL
dc.subject
INCOME
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INCOMES
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INFLATION
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INFORMAL ECONOMY
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INFORMATION TECHNOLOGY
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INFRASTRUCTURE PROJECTS
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INSTITUTIONAL CAPACITY
dc.subject
INSURANCE
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INSURANCE INDUSTRY
dc.subject
INTEREST RATE
dc.subject
INTEREST RATE VOLATILITY
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INTEREST RATES
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INTERNATIONAL TRADE
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INVESTMENT BEHAVIOR
dc.subject
INVESTMENT CLIMATE
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INVESTMENT IN GOVERNMENT SECURITIES
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INVESTMENT OPPORTUNITIES
dc.subject
INVESTMENT PROJECTS
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INVESTMENT STRATEGIES
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JOB CREATION
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JUDICIAL SYSTEM
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JURISDICTIONS
dc.subject
LABOR MARKET
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LARGE-SCALE INVESTMENT
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LEGAL MECHANISMS
dc.subject
LEVIES
dc.subject
LEVY
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LIBERALIZATION
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LIFE EXPECTANCY
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LIQUID ASSETS
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LIQUID SECONDARY MARKET
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LIQUIDITY
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LOAN
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LOAN MATURITIES
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LOCAL CURRENCY
dc.subject
LOCAL GOVERNMENT
dc.subject
LOCAL GOVERNMENTS
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LONG TERM FINANCE
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LONG-TERM INVESTMENT
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MACROECONOMIC INSTABILITY
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MACROECONOMIC LEVEL
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MACROECONOMIC MANAGEMENT
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MACROECONOMIC POLICIES
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MACROECONOMIC POLICY
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MACROECONOMIC VARIABLES
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MACROECONOMIC VOLATILITY
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MARKET ACCESS
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MARKET FAILURES
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MARKET SHARE
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MATURITY
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MICROENTERPRISES
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MIDDLE INCOME COUNTRIES
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MINIMUM CAPITAL REQUIREMENTS
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MONETARY POLICY
dc.subject
MONOPOLY
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MORTGAGE
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MORTGAGE FINANCE
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NATURAL RESOURCE
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OIL BOOM
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OIL PRICE
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OIL PRICES
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OIL RESOURCES
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OUTPUT
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OUTSOURCING
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OUTSTANDING CREDIT
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PENSION
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PENSION REFORM
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PENSIONS
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POLITICAL ECONOMY
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PRICE VOLATILITY
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PRIVATE SECTOR DEVELOPMENT
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PRIVATE SECTOR GROWTH
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PRODUCTIVE INVESTMENTS
dc.subject
PRODUCTIVITY
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PRODUCTIVITY GROWTH
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PROPERTY RIGHTS
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PUBLIC DEBT
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PUBLIC INVESTMENT
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RAPID EXPANSION
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RAPID GROWTH
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REAL EXCHANGE RATE
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REAL EXCHANGE RATES
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REFORM PROGRAM
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REGIONAL TRADE
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REGISTRATION PROCESS
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REGULATOR
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REGULATORY ENVIRONMENT
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REINVESTMENT
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RENT SEEKING
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RETURN
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RETURNS
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RURAL INFRASTRUCTURE
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SAVINGS
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SECONDARY MARKET
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SHORT-TERM BORROWING
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SIDE EFFECTS
dc.subject
SMALL BUSINESSES
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SOVEREIGN BONDS
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STOCK EXCHANGE
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SUBORDINATED DEBT
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TAX
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TAX COLLECTION
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TAX POLICY
dc.subject
TAX RATE
dc.subject
TAX SYSTEM
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TAXATION
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TELECOMMUNICATIONS
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TOTAL FACTOR PRODUCTIVITY
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TRADE POLICY
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TRADING
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TRANSACTION
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TRANSACTION COST
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TRANSPARENCY
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TRANSPARENT GOVERNANCE
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UNEMPLOYMENT
dc.subject
VALUE ADDED
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WAGES
dc.subject
WEALTH
dc.subject
WITHDRAWAL
dc.subject
WTO
dc.title
Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 1. Executive Summary
en
okr.doctype
Economic & Sector Work :: Country Economic Memorandum
okr.doctype
Economic & Sector Work
okr.docurl
http://documents.worldbank.org/curated/en/2007/05/8316760/nigeria-competitiveness-growth-country-economic-memorandum-vol-1-3-executive-summary
okr.globalpractice
Macroeconomics and Fiscal Management
okr.globalpractice
Finance and Markets
okr.globalpractice
Trade and Competitiveness
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000020953_20070917142937
okr.identifier.internaldocumentum
8316760
okr.identifier.report
36483
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/09/17/000020953_20070917142937/Rendered/PDF/364830v1.pdf
en
okr.region.administrative
Africa
okr.region.country
Nigeria
okr.sector
Health
okr.sector
General public administration sector
okr.sector
General industry and trade sector
okr.sector
General finance sector
okr.sector
General education sector
okr.topic
Economic Theory and Research
okr.topic
Banks and Banking Reform
okr.topic
Private Sector Development :: Emerging Markets
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Macroeconomics and Economic Growth
okr.unit
AFT: PREM 3 (AFTP3)
okr.volume
1 of 3

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