Download or read book An Assessment of the Investment Climate in Nigeria written by Giuseppe Iarossi and published by World Bank Publications. This book was released on 2009 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sheds light on some of the most important policy issues required to put Nigeria on a higher growth path. It highlights the challenges that Nigeria's businesses face today and what government can do to overcome such obstacles.
Download or read book An Assessment of the Investment Climate in Nigeria written by Weltbank and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This report presents employment in Nigeria from a worker perspective as well as from a firm perspective. Using recent household data, the report complements the report 'more, and more productive, jobs for Nigeria: a profile of work and workers' (World Bank 2015) and provides an overview of employment opportunities in Nigeria from a labor force perspective. This report also intends to investigate the job agenda from a firm perspective and represents a first attempt to better understand the drivers of economic diversification, firm growth, and employment in Nigeria. The report draws on two different data sources: the General Household Survey (GHS) and the Enterprise Survey. The GHS provides data on the contribution of wage work to the Nigerian economy and its share of total employment. The GHS module on non-farm household enterprise provides information on the dynamics of micro and small enterprises, as well as the constraints they face. The Enterprise Survey, conducted in Nigeria from April 2014 to February 2015, was used to analyze the dynamics and constraints of the formal sector in Nigeria. The survey sample, which was limited to formally established companies with five or more employees, was composed of firms across nineteen states engaged in manufacturing, construction, or retail and wholesale trade. The results are presented in four regional groups: Lagos; Kano and Kaduna states; other southern states (Abia, Abuja, Anambra, Cross River, Enugu, Ogun, and Oyo); and other northern states (Gombe, Jigawa, Katsina, Kebbi, Kwara, Nasarawa, Niger, Sokoto, and Zamfara). A module on innovation was also administered to a portion of the survey sample. Details on the Enterprise Survey are provided in annex two.
Download or read book Nigeria 2011 written by George R. G. Clarke and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This investment climate analysis reviews the experiences of over 3000 surveyed business owners in 26 states of Nigeria about the aspects of the business climate that affect their businesses. It complements a similar study in 2007 that covered 11 other Nigerian states. The survey asks business owners about both their perceptions and the actual costs of selected constraints. The analysis benchmarks Nigeria against comparator countries, and provides detailed data for each state. Nigerian firms have low productivity, as measured by their output in relation to their labor and capital inputs. Firms in Kenya are about 40 percent more efficient, firms in Russia almost twice as productive, and firms in South Africa almost four times as productive. Nigerian firms that export are about 90 percent more productive than non-exporters. Although labor in Nigeria is inexpensive, it is not inexpensive enough to compensate for this low productivity. The poor performance of Nigerian firms reflects many factors. This study focuses on constraints in the business climate and the serious costs they impose on Nigerian firms. Taken together, the total indirect costs of poor quality infrastructure, crime and security, and corruption amount to over 10 percent of sales for Nigerian firms. This is twice as high as in South Africa, Brazil, Russia and Indonesia. Microenterprises firms with fewer than five workers face similar constraints as larger firm's unreliable power, limited access to finance, corruption, and transportation bottlenecks. But the consequences for their businesses are far more severe. For instance, most microenterprises cannot afford generators, so power outages are more likely to shut down their operation. Lacking collateral, almost no microenterprises have access to formal external financing.
Download or read book Assessment of the Investment Climate in Nigeria written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Improving Nigeria s Investment Climate for Enhanced Economic Growth written by DR CHRISTOPHER ULUA. KALU and published by . This book was released on 2019 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The slow economic growth rate experienced by most developing countries including Nigeria in the late 1970s and the early 1980s even now manifested itself in the form of macroeconomic imbalances, wide saving-investment disparity, high rate of inflationary spiral, high debt overhang etc. Hence, the study examines improving the Nigerian investment climate for enhanced economic growth. The data was sourced from the Central Bank of Nigeria (CBN) Bulletin and National Bureau of statistics. The level testing results reveal that none of the variables were stationary at its levels. However, the absolute values of the variables in the first-difference is greater than the Mackinnon Critical value as provided by EVIEWS Package, which means that we fail to reject the null hypotheses for the non-stationary series. It was observed that many reasons accounted for the poor economic performance of the Nigerian economy, among is the decline in the investment rates. It is thus recommended that polices that will improve and encourage investment should be institutionalized, stable macroeconomic framework pursued, favorable fiscal regime promoted and the deepening and diversifying the financial sector strengthened to achieve investment objectives.
Download or read book Nigeria written by United States United States Department of State and published by Createspace Independent Publishing Platform. This book was released on 2016-04-21 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: With well over 170 million citizens, a Gross Domestic Product (GDP) over USD 500 billion, and oil production over 2 million barrels per day, Nigeria has Africa's largest population, economy, and oil production (and export). Consistently strong GDP growth over the past decade has developed a growing consumer class and attracted considerable investor interest. Nigeria offers abundant natural resources and a low-cost labor pool, and enjoys mostly duty-free trade with other member countries of the Economic Community of West African States (ECOWAS). However, much of Nigeria's market potential remains unrealized because of significant impediments such as pervasive corruption, inadequate power and transportation infrastructure, high energy costs, an inconsistent regulatory and legal environment, insecurity, a slow and ineffective judicial system, inadequate intellectual property rights protections and enforcement, and an inefficient property registration system.
Download or read book Report on Investment Climate and Exceptions to National Treatment for Nigeria written by Joseph Sunday Olayande and published by . This book was released on 2018 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nigeria Today written by and published by . This book was released on 1992 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Doing Business 2020 written by World Bank and published by World Bank Publications. This book was released on 2019-11-21 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Download or read book Investing in Climate Investing in Growth written by OECD and published by OECD Publishing. This book was released on 2017-05-23 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report provides an assessment of how governments can generate inclusive economic growth in the short term, while making progress towards climate goals to secure sustainable long-term growth. It describes the development pathways required to meet the Paris Agreement objectives.
Download or read book An Analysis of the Economic and Political Factors that Affect the Climate for Foreign Direct Investment in Nigeria written by Lateef F. Yahaya and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Investment Climate Impact on Total Factor Productivity of Manufacturing Industries in Nigeria written by Friday Ademola Ajagbe and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book OECD Investment Policy Reviews Nigeria 2015 written by Organisation for Economic Co-operation and Development and published by . This book was released on 2015 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the return to democracy in 1999, Nigeria has embarked upon an ambitious reform programme towards greater economic openness and liberalisation. As a result, gross domestic product growth picked up consistently, never going below 5% since 2003. Nigeria has become a top recipient of foreign direct investment in Africa, with inflows having surpassed those to South Africa since 2009. The federal government's Transformation Agenda recognises private sector development as the main engine for economic growth and includes bold investment reforms. Growth has however not yet been translated into inclusive development and the investment climate still suffers from severe challenges. This Investment Policy Review examines Nigeria's investment policies in light of the OECD Policy Framework for Investment (PFI), a tool to mobilise investment in support of economic growth and sustainable development. It provides an assessment and policy recommendations on different areas of the PFI: investment policy; investment promotion and facilitation; trade policy; infrastructure investment; competition; corporate governance and financial sector development. It also includes a special chapter analysing the PFI in Lagos State. The Review follows on the request addressed by the Minister of Industry, Trade and Investment of Nigeria to the OECD Secretary-General in December 2011. It has been prepared in close co-operation with the Federal Government of Nigeria and Lagos State Government.
Download or read book Toward Climate Resilient Development in Nigeria written by Raffaello Cervigni and published by World Bank Publications. This book was released on 2013-08-05 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: If not addressed in time, climate change is expected to exacerbate Nigeria’s current vulnerability to weather swings and limit its ability to achieve and sustain the objectives of Vision 20:2020 [as defined in http://www.npc.gov.ng /home/doc.aspx?mCatID=68253]. The likely impacts include: • A long-term reduction in crop yields of 20–30 percent • Declining productivity of livestock, with adverse consequences on livelihoods • Increase in food imports (up to 40 percent for rice long term) • Worsening prospects for food security, particularly in the north and the southwest • A long-term decline in GDP of up to 4.5 percent The impacts may be worse if the economy diversifies away from agriculture more slowly than Vision 20:2020 anticipates, or if there is too little irrigation to counter the effects of rising temperatures on rain-fed yields. Equally important, investment decisions made on the basis of historical climate may be wrong: projects ignoring climate change might be either under- or over-designed, with losses (in terms of excess capital costs or foregone revenues) of 20–40 percent of initial capital in the case of irrigation or hydropower. Fortunately, there is a range of technological and management options that make sense, both to better handle current climate variability and to build resilience against a harsher climate: • By 2020 sustainable land management practices applied to 1 million hectares can offset most of the expected shorter-term yield decline; gradual extension of these practices to 50 percent of cropland, possibly combined with extra irrigation, can also counter-balance longer-term climate change impacts. • Climate-smart planning and design of irrigation and hydropower can more than halve the risks and related costs of making the wrong investment decision. The Federal Government could consider 10 short-term priority responses to build resilience to both current climate variability and future change through actions to improve climate governance across sectors, research and extension in agriculture, hydro-meteorological systems; integration of climate factors into the design of irrigation and hydropower projects, and mainstreaming climate concerns into priority programs, such as the Agriculture Transformation Agenda.
Download or read book OECD Investment Policy Reviews Nigeria 2015 written by OECD and published by OECD Publishing. This book was released on 2015-05-21 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Investment Policy Review examines Nigeria’s investment policies in light of the OECD Policy Framework for Investment (PFI), a tool to mobilise investment in support of economic growth and sustainable development.
Download or read book Recovering bioenergy in Sub Saharan Africa written by Njenga, M. and published by International Water Management Institute (IWMI). CGIAR Research Program on Water, Land and Ecosystems (WLE).. This book was released on 2018-11-30 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Putting Nigeria to Work written by Volker Treichel and published by World Bank Publications. This book was released on 2010-06-17 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Public debate in Nigeria on the country s progress since its return to democracy in 1999 has been dominated by two seemingly opposite themes. The first theme is the strong growth performance of the non-oil economy. This success has been marked by sharp increases in agriculture, trade, and construction and by the emergence of new industries in the financial, telecommunications, and entertainment sectors, supported by sound macroeconomic policies and structural reforms. The second, opposing theme is the seeming failure of Nigeria s much improved economic performance to reduce unemployment, especially among the young. Rising levels of unemployment have increased militancy among the young and impacted negatively on public order. 'Putting Nigeria to Work: A Strategy for Employment and Growth' looks at the ways in which Nigeria s improved economic performance has impacted the labor market. A number of relevant factors are carefully examined and analyzed, including industrial policy and the investment environment, the effects of restrictive trade policies on growth, and the ability of the technical and vocational education system to address the country s skills gap. The book proposes a strategy that will allow Nigeria to increase the availability of quality jobs, reduce rising youth unemployment, and sustain and further accelerate the country s economic performance and growth. At the core of this strategy are targeted interventions aimed at removing binding constraints to growth in sectors of the economy that are already growing fast, but have the potential to grow faster and have significant employment-creating potential.
