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Economic & Sector Work :: Country Economic Memorandum

Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 2. Main Report

ACCOUNTING AGRICULTURAL COMMODITIES AGRICULTURE ARREARS AUCTION SYSTEM BALANCE OF PAYMENTS BANK ACCOUNT BANKING SECTOR BENCHMARK BENCHMARKS BOND BOND ISSUANCE BOOM-BUST CYCLES BROAD MONEY CAPITAL MARKET CAPITAL MARKETS CAPITAL STOCK CAPITAL STOCKS CENTRAL BANK COMMERCIAL BANKS COMPARATIVE ANALYSIS COMPETITIVE ADVANTAGE COMPETITIVENESS CONSUMER GOODS CONSUMERS CONTRACT ENFORCEMENT CREDIT POLICIES CREDIT RATING CREDIT STRENGTHS CREDIT STRUCTURE CREDITORS CREDITWORTHINESS DEBT DEBT BURDEN DEBT MANAGEMENT DEBT OBLIGATIONS DEBT OUTSTANDING DEBT OVERHANG DEBT RELIEF DEBT SERVICE DEPOSIT DEPOSIT INSURANCE DEVELOPING COUNTRIES DEVELOPMENT BANK DEVELOPMENT STRATEGY DIVIDENDS DOMESTIC MARKET DOMESTIC MARKETS DUTCH AUCTION ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIES OF SCALE ELASTICITY EMERGING MARKET EQUIPMENT EQUITY FUNDS EXCHANGE COMMISSION EXCHANGE RATE EXCHANGE RATES EXPENDITURE EXPENDITURES EXPORT COMPETITIVENESS EXPORT GROWTH EXPORT PERFORMANCE EXPORTER EXPORTS EXTERNAL BORROWING EXTERNAL DEBT EXTERNAL FINANCE FINANCIAL MANAGEMENT FINANCIAL SECTOR FISCAL DEFICIT FISCAL DISCIPLINE FISCAL POLICY FIXED CAPITAL FIXED INVESTMENT FOREIGN CURRENCY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKETS FOREIGN EXCHANGE RESERVES FOREIGN FINANCING FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE GDP GDP PER CAPITA GINI COEFFICIENT GLOBAL MARKETS GOVERNANCE ISSUES GOVERNMENT EXPENDITURE GOVERNMENT FINANCING GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROSS NATIONAL SAVINGS GROWTH RATE HOLDING HOUSEHOLD INCOMES HOUSING FINANCE HUMAN CAPITAL IMPLICIT SUBSIDY INCOME INCOME ELASTICITY OF DEMAND INCOME INEQUALITY INDUSTRIALIZATION INEFFICIENCY INFLATION INFRASTRUCTURE FINANCE INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INTEREST RATE INTEREST RATE FLEXIBILITY INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCE INTERNATIONAL FINANCIAL INSTITUTIONS INTERNATIONAL MARKETS INTERNATIONAL RATING AGENCIES INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTING INVESTMENT CLIMATE INVESTMENT FUND INVESTMENT INCOME INVESTMENT RATES LABOR MARKET LIQUIDITY LIQUIDITY MANAGEMENT LOAN LOCAL ECONOMY LOCAL GOVERNMENT LOCAL MARKETS LONG-TERM DEBT MACROECONOMIC ANALYSIS MACROECONOMIC INSTABILITY MACROECONOMIC POLICIES MACROECONOMIC POLICY MACROECONOMIC STABILITY MARKET ACCESS MARKET COMPETITION MARKET FOR GOVERNMENT SECURITIES MARKET SHARE MATURITY MICRO FINANCE MICRO-FINANCE MICRO-FINANCE INSTITUTION MISSING MARKETS MOBILE PHONE MONETARY FUND MONETARY POLICY MORTGAGE MORTGAGE FINANCE NATURAL RESOURCES NET DEBT OIL BOOM OIL BOOMS OIL PRICE OIL PRICES OIL RESOURCES OPEN MARKET OVERVALUATION PENSION PENSION FUND PER CAPITA INCOME POLITICAL ECONOMY POLITICAL RISK PREFERENTIAL MARKET ACCESS PRIMARY MARKET PRIVATE EQUITY PRIVATE INVESTMENT PRIVATE SECTOR CREDIT PRODUCTION INCREASES PUBLIC DEBT PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SPENDING REAL EXCHANGE RATE REAL GDP REMITTANCE REMITTANCES RESERVES RETURN RETURNS SECONDARY MARKET SECONDARY MARKET TRADING SECURITIES SETTLEMENT SMALL BUSINESS SMALL BUSINESSES SMALLHOLDER AGRICULTURE SOVEREIGN DEBT STOCK EXCHANGE STOCK MARKET STOCKS TAX TAX RATE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH TOTAL REVENUE TRADE DEFICIT TRADE POLICIES TRADE PROTECTION TRADE REGIME TRANSACTION TRANSPARENCY TREASURY TREASURY BILL TREASURY BILL RATE TREASURY BILLS TRUST FUND UNEMPLOYMENT VALUE ADDED WAGE RATES WAGES WITHDRAWAL WORLD TRADE ORGANIZATION WTO
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Washington, DC
Africa | Nigeria
2012-06-12T16:30:50Z | 2012-06-12T16:30:50Z | 2007-05

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.

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