Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 3. Technical and Statistical Annexes
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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.
Palabras clave
ACCOUNTABILITY, ACCOUNTANT, ACCOUNTING, AGRICULTURE, ARREARS, ASSET POSITION, ASSETS, AUDITS, BANKING SECTOR, BENCHMARK, BENCHMARKING, BENEFICIARY, BID, BIDS, BOND, BORROWING, BUDGET CLASSIFICATION, BUDGET CLASSIFICATION SYSTEM, BUDGET CONSTRAINT, BUDGET FORMULATION, BUDGET PROPOSALS, BUDGET REFORMS, BUDGET SURPLUSES, BUSINESS CLIMATE, BUSINESS DEVELOPMENT, BUYERS, CALCULATIONS, CAPACITY BUILDING, CAPITAL BASE, CAPITAL EXPENDITURE, CAPITAL FORMATION, CAPITAL INVESTMENT, CAPITAL MARKETS, CAPITAL STOCK, CASH MANAGEMENT, CENTRAL BANK, CIVIL SERVICE, CIVIL SERVICE REFORMS, COMMERCIAL BANKS, COMMODITIES, COMMUNITY ORGANIZATIONS, COMPETITIVENESS, CONSTANT PRICES, CONSUMERS, CONTRIBUTION, CONTRIBUTIONS, COST RECOVERY, CREDIT GUARANTEE, CREDIT RATIONING, CREDITS, CROP LOSSES, CURRENT EXPENDITURE, CUSTOMER SERVICE, DEBT ACCUMULATION, DEBT CRISIS, DEBT OVERHANG, DEBT RATIO, DEBT RELIEF, DEBT SUSTAINABILITY, DEFICIT FINANCING, DEFICITS, DEMAND-SIDE FACTORS, DEPRECIATION, DEREGULATION, DERIVATIVES, DEVELOPING COUNTRIES, DEVELOPMENT POLICIES, DEVELOPMENT STRATEGIES, DIMINISHING RETURNS, DISBURSEMENTS, DOMESTIC DEBT, DOMESTIC INFLATION, DOMESTIC MARKET, ECONOMETRICS, ECONOMIC COSTS, ECONOMIC MANAGEMENT, ECONOMIC OUTLOOK, ECONOMIC RATE OF RETURN, ECONOMIC RECESSION, ENABLING ENVIRONMENT, EQUIPMENT, EXCHANGE RATE, EXPENDITURE, EXPORT PERFORMANCE, EXPORTER, EXPORTERS, EXPORTS, EXTENSION SERVICE, EXTENSION SERVICES, EXTENSION SYSTEM, EXTERNAL DEBT, FINANCIAL FLOWS, FINANCIAL INSTITUTIONS, FINANCIAL RESOURCES, FINANCIAL SUSTAINABILITY, FISCAL ASSUMPTIONS, FISCAL DEFICIT, FISCAL MANAGEMENT, FISCAL PERFORMANCE, FISCAL POLICY, FISCAL STRATEGY, FISCAL SUSTAINABILITY, FIXED CAPITAL, FORECASTS, FOREIGN CURRENCY, FOREIGN EXCHANGE, FOREIGN MARKET, FUND ASSETS, GDP, GDP DEFLATOR, GOVERNMENT BUDGET, GOVERNMENT EXPENDITURE, GOVERNMENT EXPENDITURE POLICY, GOVERNMENT INTERVENTIONS, GOVERNMENT SPENDING, GOVERNMENT SUPPORT, GROSS FIXED CAPITAL FORMATION, GROWTH RATE, HOLDING, HUMAN CAPITAL, HUMAN RESOURCE, INCOME, INCOME FLOW, INCOME FLOWS, INCOME STREAM, INDUSTRIALIZATION, INEFFICIENCY, INFLATION, INFLATION RATE, INFORMATION SYSTEM, INITIAL CAPITAL, INSURANCE, INSURANCE SCHEME, INTELLECTUAL PROPERTY, INTEREST RATE, INTEREST RATE FLEXIBILITY, INTERNATIONAL PRICES, INTERNATIONAL STANDARDS, INTERPOLATION, INVENTORY, JOB CREATION, LABOR FORCE, LABOR MARKETS, LEGAL FRAMEWORK, LIQUIDITY, LOCAL CURRENCY, LOCAL GOVERNMENT, LOW-INCOME, MACROECONOMIC POLICIES, MACROECONOMIC STABILITY, MARKET ACCESS, MARKET DEVELOPMENT, MARKET FOR GOVERNMENT DEBT, MARKETING, MERGERS, MINIMUM CAPITAL REQUIREMENTS, MINISTRY OF FINANCE, MONOPOLY, NATURAL RESOURCES, NET ASSET, NET ASSETS, NET DEBT, OIL PRICE, OIL PRICES, OTHER ASSETS, PENSION, PENSION SYSTEM, PERMANENT INCOME, POLICY RESPONSE, POSITIVE COEFFICIENT, POVERTY FUND, POVERTY REDUCTION, PRICE SUPPORT, PRICE UNCERTAINTY, PRICE VOLATILITY, PRIVATE INVESTMENT, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY LOSSES, PROPERTY RIGHTS, PUBLIC DEBT, PUBLIC EMPLOYEES, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE MANAGEMENT, PUBLIC FINANCES, PUBLIC FUNDS, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC PROCUREMENT, PUBLIC RESOURCES, PUBLIC SECTOR DEBT, PUBLIC-PRIVATE PARTNERSHIPS, RATE OF RETURN, REAL EXCHANGE RATE, REAL GDP, REAL INTEREST, REAL INTEREST RATE, REAL INTEREST RATES, REGULATORY AUTHORITIES, RESERVE, RESERVES, RETAIL PRICES, RETURN, RETURNS, SALE, SALES, SAVINGS, SENIOR, SOCIAL SECURITY, STRUCTURAL REFORMS, SUPPORT PROGRAM, SUPPORT PROGRAMS, TARIFF BAND, TAX, TAX ADMINISTRATION, TAX ADMINISTRATION REFORMS, TAX COLLECTION, TAX POLICY, TAX RELIEF, TAX REVENUES, TAXATION, TOTAL FACTOR PRODUCTIVITY, TRADE POLICY, TRADE REFORMS, TRANSACTION, TRANSACTIONS COSTS, TRANSPARENCY, UNEMPLOYED, WEALTH, WITHDRAWAL, WORTH, YOUNGER PEOPLE