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

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

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 ba...

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Bibliographic Details
Main Author:	World Bank
Format:	Country Economic Memorandum
Language:	English
Published:	Washington, DC 2012
Subjects:	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
Online Access:	http://documents.worldbank.org/curated/en/2007/05/8316818/nigeria-competitiveness-growth-country-economic-memorandum-vol-3-3-technical-statistical-annexes http://hdl.handle.net/10986/7825

Description
Summary:	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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