Iarossi, GiuseppeMousley, PeterRadwan, Ismail2012-03-192012-03-192009978-0-8213-7797-0https://hdl.handle.net/10986/2608Nigeria's vision of 2020 is a bold desire to be among the top twenty economies by the year 2020. The economy has posted impressive growth figures since 2003 driven by higher oil prices and a series of home-grown, economic reforms. The country is now firmly on the road to middle-income status. This Investment Climate Analysis is built on a 2,300 firm survey and provides evidence-based recommendations designed to support the vision 2020. Survey results represent investment climate status in Nigeria and are grouped by the following topics: firm productivity and business environment, comparison of state level investment climates, access to finance, entrepreneurship and managerial capacity in firms, and investment climate aspects. The authors conclude that stakeholder consultations on the diagnostic work, policy assessment, and design would improve Nigeria's investment climate.CC BY 3.0 IGOACCESS TO BANKACCESS TO BANKSACCESS TO CREDITACCESS TO FINANCEACCESS TO FORMAL CREDITACCESS TO LOANSACCOUNTINGACCOUNTS RECEIVABLEADVANCED ECONOMIESANGEL INVESTORSANNUAL INTEREST RATEAPPLICATION PROCEDURESAPPLICATION PROCESSASSET BASEASSET QUALITYAUDITINGAVERAGE INTERESTAVERAGE INTEREST RATESAVERAGE WAGEBALANCE SHEETSBANK BORROWINGBANK FINANCINGBANK INTEREST RATESBANK LOANSBANKING PRACTICESBANKING SECTORBANKING SUPERVISIONBANKSBARRIERS TO ENTRYBORROWINGBOTTLENECKSBRIBESBUSINESS CLIMATEBUSINESS CLIMATESBUSINESS OWNERBUSINESS OWNERSCAPITAL ADEQUACYCAPITAL ADEQUACY RATIOSCAPITAL BASECAPITAL MARKETCAPITAL MARKETSCAPITAL REQUIREMENTSCARCARSCASH FLOWCENTRAL BANKCOLLATERALCOLLATERAL FOR LOANSCOLLATERAL REQUIREMENTSCOLLECTION PROCESSCOMMODITYCONSOLIDATIONCONSOLIDATION PROCESSCONTRIBUTIONCONTRIBUTIONSCORPORATE GOVERNANCECORRUPTIONCREDIT CULTURECREDIT SOURCECREDITSCUSTOMS CLEARANCECUSTOMS CLEARANCESDEBTDEPOSITDEVELOPMENT BANKDIRECT INVESTMENTDOMESTIC CAPITALDOMESTIC CAPITAL MARKETSDOMESTIC CREDITDRIVERSEARNINGSECONOMIC EMPOWERMENTECONOMIC REFORMSEDUCATION LEVELEMPLOYEEEMPLOYERENTREPRENEURIALISMENTREPRENEURSHIPEQUIPMENTEXPENDITUREEXTERNAL FINANCINGFEMALE ENTREPRENEURSFINANCE ACCESSFINANCESFINANCIAL CAPACITYFINANCIAL INSTITUTIONSFINANCIAL MANAGEMENTFINANCIAL MANAGEMENT TRAININGFINANCIAL NEEDSFINANCIAL RESOURCESFINANCIAL SECTORFINANCIAL SUPPORTFINANCIAL SYSTEMFIRM PERFORMANCEFIXED ASSETSFOREIGN DIRECT INVESTMENTFOREIGN FIRMSFORMAL FINANCIAL SECTORFORMAL SOURCES OF CREDITGENDERGENDER DIFFERENCESGOVERNMENT OWNERSHIPGREATER ACCESSHEAVY RELIANCEHIGH INTEREST RATESHUMAN RESOURCEIMPORT LICENSEINCOMEINCOMESINDIRECT COSTINDIRECT COSTSINFLATIONINSTITUTIONAL REFORMSINTEREST RATEINTEREST RATESINTERNAL FUNDSINTERNATIONAL BANKINVENTORIESINVESTMENT CLIMATEINVESTMENT CLIMATE ASSESSMENTINVESTMENT CLIMATESJOB CREATIONLABOR COSTSLABOR MARKETLACK OF ACCESSLACK OF TRANSPARENCYLAND OWNERSHIPLARGE FIRMLARGE FIRMSLEVEL OF DEBTLEVEL OF EDUCATIONLIMITED ACCESSLIMITED ACCESS TO FINANCELINE OF CREDITLINES OF CREDITLOANLOAN APPLICATIONLOAN APPLICATION PROCEDURESLOAN APPLICATIONSLOAN MARKETSLOAN OFFICERSLOAN PORTFOLIOLONG-TERM FINANCEMACROECONOMIC ENVIRONMENTMARGINAL RATEMARKET SHAREMATURITIESMATURITYMICRO ENTERPRISESNEW ENTRANTSNONPERFORMING LOANSNPLOIL PRICESOVERDRAFTOVERDRAFTSPERSONAL ASSETSPOLICY RESPONSEPOOR INVESTMENTPROBLEMS WITH CREDITPRODUCTIVITYPROFITABILITYPUBLIC FINANCESPURCHASESQUESTIONNAIREREAL INTERESTREAL INTEREST RATERETAINED EARNINGSROADROAD TRANSPORTROADSRULE OF LAWSALESSHORT-TERM FINANCESHORT-TERM FINANCINGSMALLER FIRMSSOURCES OF CREDITSOURCES OF FINANCESUBSIDIARYTAXTAX ADMINISTRATIONTAX RATETAX RATESTAXATIONTELECOMMUNICATIONSTOTAL COMPENSATIONTRADE CREDITTRADINGTRANSITTRANSPARENCYTRANSPORTTRANSPORT EFFICIENCYTRANSPORTATIONTRANSPORTATION NETWORKTRANSPORTATION PROBLEMSUNACCEPTABLE COLLATERALUNEMPLOYEDUNEMPLOYMENTUNSKILLED WORKERSVALUE OF COLLATERALVENTURE CAPITALVENTURE CAPITALISTSWAGESWOMEN ENTREPRENEURSWORKING CAPITALWorld Bank10.1596/978-0-8213-7797-0