Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 3. Technical and Statistical Annexes

World Bank

Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 3. Technical and Statistical Annexes

2007

World Bank

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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accountability accounting agriculture assets bid capacity building capital formation civil service commercial banks commodities community organizations consumers cost recovery crop losses depreciation developing countries development policies econometrics economic recession equipment exchange rate expenditure exports external debt financial institutions fixed capital growth rate human capital income industrialization inflation insurance liquidity local government market access marketing monopoly natural resources pension poverty reduction price support price volatility private investment productivity property rights public debt public expenditure public investment public-private partnerships retail prices returns sales savings senior social security taxation

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Editorial

Washington, DC

Otras materias

Tax administration reforms; Income flows; Wealth; Deficits; Contribution; Beneficiary; Extension system; Disbursements; Net debt; International standards; Economic management; Buyers; Debt ratio; Public employees; Unemployed; Market development; Permanent income; Ministry of finance; Deficit financing; Tax revenues; Export performance; Arrears; Government support; Gdp; Oil prices; Asset position; Bond; Price uncertainty; Government interventions; Bids; Foreign currency; Deregulation; Holding; Trade policy; Fund assets; Benchmark; Macroeconomic stability; Inventory; Current expenditure; Cash management; Gdp deflator; Tax administration; Total factor productivity; Capital stock; Low-income; Economic costs; Productivity losses; Gross fixed capital formation; Support program; Exporters; Banking sector; Public sector debt; Sale; Labor force; Enabling environment; Policy response; Borrowing; Inflation rate; Budget constraint; Transactions costs; Interest rate; Other assets; Central bank; Financial sustainability; Reserves; Audits; Local currency; Capital expenditure; Net assets; Business climate; Return; Public investments; Fiscal assumptions; Accountant; Fiscal deficit; Macroeconomic policies; Legal framework; Budget classification; Public finances; Financial resources; Competitiveness; Real gdp; Fiscal sustainability; Market for government debt; Real interest rate; Insurance scheme; Interest rate flexibility; Debt overhang; International prices; Net asset; Debt accumulation; Transparency; Worth; Derivatives; Fiscal management; Customer service; Development strategies; Benchmarking; Tax relief; Foreign exchange; Domestic debt; Interpolation; Tax collection; Withdrawal; Public funds; Calculations; Fiscal strategy; Information system; Civil service reforms; Business development; Government budget; Real interest; Budget surpluses; Credit rationing; Productivity growth; Poverty fund; Job creation; Mergers; Extension service; Capital base; Government spending; Forecasts; Public resources; Fiscal policy; Intellectual property; Domestic inflation; Regulatory authorities; Structural reforms; Oil price; Constant prices; Younger people; Rate of return; Income stream; Income flow; Government expenditure policy; Credits; Tariff band; Human resource; Debt crisis; Inefficiency; Budget formulation; Minimum capital requirements; Pension system; Economic outlook; Exporter; Foreign market; Budget proposals; Initial capital; Tax policy; Transaction; Economic rate of return; Diminishing returns; Positive coefficient; Government expenditure; Real exchange rate; Contributions; Financial flows; Public expenditure management; Demand-side factors; Labor markets; Budget reforms; Debt relief; Reserve; Fiscal performance; Extension services; Domestic market; Support programs; Trade reforms; Tax; Debt sustainability; Real interest rates; Budget classification system; Capital investment; Public procurement; Capital markets; Credit guarantee

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http://hdl.handle.net/10986/7825http://creativecommons.org/licenses/by/3.0/World BankCC BY 3.0 Unported

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Nigeria - Competitiveness and Growth : Country Economic Memorandum, Volume 3. Technical and Statistical Annexes

2007

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