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

dc.creatorWorld Bank
dc.date2012-06-12T16:43:34Z
dc.date2012-06-12T16:43:34Z
dc.date2007-05
dc.date.accessioned2026-07-01T01:15:49Z
dc.descriptionThe 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.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2007/05/8316760/nigeria-competitiveness-growth-country-economic-memorandum-vol-1-3-executive-summary
dc.identifierhttps://hdl.handle.net/10986/7827
dc.identifierhttps://doi.org/10.1596/7827
dc.identifier.urihttp://hdl.handle.net/123456789/416543
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCESS TO CAPITAL
dc.subjectACCOUNTING
dc.subjectAGRICULTURE
dc.subjectARREARS
dc.subjectAUCTION SYSTEM
dc.subjectBANK LIQUIDITY
dc.subjectBANKING SECTOR
dc.subjectBENCHMARK
dc.subjectBENCHMARKING
dc.subjectBENCHMARKS
dc.subjectBINDING CONSTRAINT
dc.subjectBINDING CONSTRAINTS
dc.subjectBLUE CHIP
dc.subjectBOND
dc.subjectBOND MARKET
dc.subjectBOOM-BUST CYCLES
dc.subjectBUSINESS CLIMATE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL BASE
dc.subjectCAPITAL MARKET
dc.subjectCAPITAL MARKET DEVELOPMENT
dc.subjectCAPITAL MARKETS
dc.subjectCOMMERCIAL CONTRACTS
dc.subjectCOMPETITIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSOLIDATION PROCESS
dc.subjectCONSUMERS
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE BOND
dc.subjectCORPORATE BOND ISSUES
dc.subjectCOST EFFECTIVENESS
dc.subjectCREDIBILITY
dc.subjectCREDIT HISTORY
dc.subjectCREDIT QUALITY
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectCURRENT ACCOUNT SURPLUSES
dc.subjectDEBT
dc.subjectDEBT ACCUMULATION
dc.subjectDEBT AGREEMENT
dc.subjectDEBT OVERHANG
dc.subjectDEBT RELIEF
dc.subjectDEFAULT RISK
dc.subjectDEFICITS
dc.subjectDEMOCRATIC INSTITUTIONS
dc.subjectDEPOSIT
dc.subjectDEPOSITS
dc.subjectDOCUMENTATION REQUIREMENTS
dc.subjectDOMESTIC ECONOMY
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC MARKETS
dc.subjectDURABLE
dc.subjectDUTCH AUCTION
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC PROGRESS
dc.subjectEMERGING ECONOMIES
dc.subjectENTERPRISE PERFORMANCE
dc.subjectEQUIPMENT
dc.subjectEQUITY FUNDS
dc.subjectEXCESS LIQUIDITY
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATES
dc.subjectEXISTING INFRASTRUCTURE
dc.subjectEXPENDITURE
dc.subjectEXPENDITURES
dc.subjectEXPORT MARKETS
dc.subjectEXPORT PERFORMANCE
dc.subjectEXPORTER
dc.subjectEXPORTS
dc.subjectEXTERNAL DEBT
dc.subjectFEDERAL AGENCY
dc.subjectFINANCIAL HEALTH
dc.subjectFINANCIAL INSTITUTIONS
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTOR DEVELOPMENT
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL POLICY
dc.subjectFOREIGN COMPANIES
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKETS
dc.subjectFOREIGN EXCHANGE RESERVES
dc.subjectFOREIGN EXCHANGE TRANSACTIONS
dc.subjectFOREIGN MARKETS
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGLOBAL MARKET
dc.subjectGLOBAL MARKETS
dc.subjectGLOBAL STANDARDS
dc.subjectGOVERNMENT ACTION
dc.subjectGOVERNMENT BUDGETS
dc.subjectGOVERNMENT FUNDING
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT SPENDING
dc.subjectGOVERNMENT SUPPORT
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOMES
dc.subjectINFLATION
dc.subjectINFORMAL ECONOMY
dc.subjectINFORMATION TECHNOLOGY
dc.subjectINFRASTRUCTURE PROJECTS
dc.subjectINSTITUTIONAL CAPACITY
dc.subjectINSURANCE
dc.subjectINSURANCE INDUSTRY
dc.subjectINTEREST RATE
dc.subjectINTEREST RATE VOLATILITY
dc.subjectINTEREST RATES
dc.subjectINTERNATIONAL TRADE
dc.subjectINVESTMENT BEHAVIOR
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT IN GOVERNMENT SECURITIES
dc.subjectINVESTMENT OPPORTUNITIES
dc.subjectINVESTMENT PROJECTS
dc.subjectINVESTMENT STRATEGIES
dc.subjectJOB CREATION
dc.subjectJUDICIAL SYSTEM
dc.subjectJURISDICTIONS
dc.subjectLABOR MARKET
dc.subjectLARGE-SCALE INVESTMENT
dc.subjectLEGAL MECHANISMS
dc.subjectLEVIES
dc.subjectLEVY
dc.subjectLIBERALIZATION
dc.subjectLIFE EXPECTANCY
dc.subjectLIQUID ASSETS
dc.subjectLIQUID SECONDARY MARKET
dc.subjectLIQUIDITY
dc.subjectLOAN
dc.subjectLOAN MATURITIES
dc.subjectLOCAL CURRENCY
dc.subjectLOCAL GOVERNMENT
dc.subjectLOCAL GOVERNMENTS
dc.subjectLONG TERM FINANCE
dc.subjectLONG-TERM INVESTMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC LEVEL
dc.subjectMACROECONOMIC MANAGEMENT
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC VARIABLES
dc.subjectMACROECONOMIC VOLATILITY
dc.subjectMARKET ACCESS
dc.subjectMARKET FAILURES
dc.subjectMARKET SHARE
dc.subjectMATURITY
dc.subjectMICROENTERPRISES
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMINIMUM CAPITAL REQUIREMENTS
dc.subjectMONETARY POLICY
dc.subjectMONOPOLY
dc.subjectMORTGAGE
dc.subjectMORTGAGE FINANCE
dc.subjectNATURAL RESOURCE
dc.subjectOIL BOOM
dc.subjectOIL PRICE
dc.subjectOIL PRICES
dc.subjectOIL RESOURCES
dc.subjectOUTPUT
dc.subjectOUTSOURCING
dc.subjectOUTSTANDING CREDIT
dc.subjectPENSION
dc.subjectPENSION REFORM
dc.subjectPENSIONS
dc.subjectPOLITICAL ECONOMY
dc.subjectPRICE VOLATILITY
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATE SECTOR GROWTH
dc.subjectPRODUCTIVE INVESTMENTS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC INVESTMENT
dc.subjectRAPID EXPANSION
dc.subjectRAPID GROWTH
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL EXCHANGE RATES
dc.subjectREFORM PROGRAM
dc.subjectREGIONAL TRADE
dc.subjectREGISTRATION PROCESS
dc.subjectREGULATOR
dc.subjectREGULATORY ENVIRONMENT
dc.subjectREINVESTMENT
dc.subjectRENT SEEKING
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRURAL INFRASTRUCTURE
dc.subjectSAVINGS
dc.subjectSECONDARY MARKET
dc.subjectSHORT-TERM BORROWING
dc.subjectSIDE EFFECTS
dc.subjectSMALL BUSINESSES
dc.subjectSOVEREIGN BONDS
dc.subjectSTOCK EXCHANGE
dc.subjectSUBORDINATED DEBT
dc.subjectTAX
dc.subjectTAX COLLECTION
dc.subjectTAX POLICY
dc.subjectTAX RATE
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE POLICY
dc.subjectTRADING
dc.subjectTRANSACTION
dc.subjectTRANSACTION COST
dc.subjectTRANSPARENCY
dc.subjectTRANSPARENT GOVERNANCE
dc.subjectUNEMPLOYMENT
dc.subjectVALUE ADDED
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWITHDRAWAL
dc.subjectWTO
dc.titleNigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 1. Executive Summary

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