Nigeria - Policy Options for Growth and Stability : Volume 1. Main Report

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dc.creatorWorld Bank
dc.date2013-07-08T16:15:05Z
dc.date2013-07-08T16:15:05Z
dc.date2003-06-30
dc.date.accessioned2026-07-01T01:29:19Z
dc.descriptionThis report represents an effort to identify policy options for long-run growth and poverty reduction that are compatible with the high degree of macroeconomic volatility and challenging institutional realities faced by Nigerian policy makers. The report includes the following key messages: a) The Nigerian economy is not merely volatile; it is one of the most volatile economies in the world. b) There is evidence that this volatility has adversely affected not only Nigeria's historical growth record but also the performance of World Bank projects in Nigeria. c) Sustained future growth and poverty reduction are unlikely without a significant reduction in volatility. c) Oil price fluctuations drive only part of Nigeria's volatility, policy choices have also contributed to the problem. d) Policy choices are available that can help accelerate growth and thus help reduce the percentage of people living in poverty. To conclude, the report identifies several policy options that may help Nigerian make the transition to a high growth, low poverty economy despite the current challenges. More work will be required to further test and deepen the ideas put forth here, but the effort will bring its own rewards.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2003/06/5660739/nigeria-policy-options-growth-stability-vol-1-2-main-report
dc.identifierhttps://hdl.handle.net/10986/14388
dc.identifierhttps://doi.org/10.1596/14388
dc.identifier.urihttp://hdl.handle.net/123456789/418535
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNT
dc.subjectACCOUNTS
dc.subjectADJUSTMENT POLICIES
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURE
dc.subjectASSETS
dc.subjectBASE YEAR
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL FLIGHT
dc.subjectCENTRAL BANK
dc.subjectCITIES
dc.subjectCOAL
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONSUMERS
dc.subjectCOUNTRY COMPARISON
dc.subjectCPI
dc.subjectCROSS-COUNTRY EXPERIENCE
dc.subjectCURRENCY
dc.subjectDEVALUATION
dc.subjectDEVELOPED COUNTRIES
dc.subjectDIVERSIFICATION
dc.subjectDUTCH DISEASE
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC HISTORY
dc.subjectELASTICITY
dc.subjectENERGY CONSUMPTION
dc.subjectEQUILIBRIUM
dc.subjectEXCHANGE RATE
dc.subjectEXCHANGE RATE APPRECIATION
dc.subjectEXCHANGE RATE DEVALUATION
dc.subjectEXPENDITURES
dc.subjectEXPORTS
dc.subjectFARMS
dc.subjectFINANCIAL SECTOR
dc.subjectFISCAL POLICY
dc.subjectFISCAL RESPONSIBILITY
dc.subjectFISCAL YEAR
dc.subjectFIXED COSTS
dc.subjectFORECASTS
dc.subjectFOREIGN EXCHANGE
dc.subjectFOREIGN EXCHANGE MARKET
dc.subjectFORESTRY
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROWTH RATE
dc.subjectHUMAN CAPITAL
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINCOME COUNTRIES
dc.subjectINCOME TAXES
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectLABOR FORCE
dc.subjectLAWS
dc.subjectLDCS
dc.subjectLESS DEVELOPED COUNTRIES
dc.subjectM2
dc.subjectMACROECONOMIC MODELS
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET PRICES
dc.subjectMARKETING
dc.subjectMEDIUM TERM EXPENDITURE FRAMEWORK
dc.subjectMETALS
dc.subjectMOTIVATION
dc.subjectOIL
dc.subjectOIL PRICES
dc.subjectOIL SECTOR
dc.subjectOPEC
dc.subjectORGANIZATION OF PETROLEUM EXPORTING COUNTRIES
dc.subjectPOLICY MAKERS
dc.subjectPOPULATION GROWTH
dc.subjectPRICE FLUCTUATIONS
dc.subjectPRIVATE CONSUMPTION
dc.subjectPRIVATE SECTOR
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROVEN RESERVES
dc.subjectPUBLIC SECTOR
dc.subjectQUOTAS
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREGRESSION ANALYSIS
dc.subjectRETIREMENT
dc.subjectSAVINGS
dc.subjectSCENARIOS
dc.subjectSERVICES SECTOR
dc.subjectSTABILIZATION POLICIES
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectTAX RATES
dc.subjectTERMS OF TRADE
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE BARRIERS
dc.subjectUNEMPLOYMENT
dc.subjectVOLATILITY
dc.subjectWAGES
dc.subjectWASTE
dc.titleNigeria - Policy Options for Growth and Stability : Volume 1. Main Report

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