An Assessment of the Investment
Climate in Nigeria

An Assessment of the Investment Climate in Nigeria

Nigeria's vision of 2020 is a bold desire to be among the top twenty economies by the year 2020. The economy has posted impressive growth figures since 2003 driven by higher oil prices and a series of home-grown, economic reforms. The country...

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Bibliographic Details
Main Authors:	Iarossi, Giuseppe, Mousley, Peter, Radwan, Ismail
Format:	Publication
Language:	English
Published:	World Bank 2012
Subjects:	ACCESS TO BANK ACCESS TO BANKS ACCESS TO CREDIT ACCESS TO FINANCE ACCESS TO FORMAL CREDIT ACCESS TO LOANS ACCOUNTING ACCOUNTS RECEIVABLE ADVANCED ECONOMIES ANGEL INVESTORS ANNUAL INTEREST RATE APPLICATION PROCEDURES APPLICATION PROCESS ASSET BASE ASSET QUALITY AUDITING AVERAGE INTEREST AVERAGE INTEREST RATES AVERAGE WAGE BALANCE SHEETS BANK BORROWING BANK FINANCING BANK INTEREST RATES BANK LOANS BANKING PRACTICES BANKING SECTOR BANKING SUPERVISION BANKS BARRIERS TO ENTRY BORROWING BOTTLENECKS BRIBES BUSINESS CLIMATE BUSINESS CLIMATES BUSINESS OWNER BUSINESS OWNERS CAPITAL ADEQUACY CAPITAL ADEQUACY RATIOS CAPITAL BASE CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENTS CAR CARS CASH FLOW CENTRAL BANK COLLATERAL COLLATERAL FOR LOANS COLLATERAL REQUIREMENTS COLLECTION PROCESS COMMODITY CONSOLIDATION CONSOLIDATION PROCESS CONTRIBUTION CONTRIBUTIONS CORPORATE GOVERNANCE CORRUPTION CREDIT CULTURE CREDIT SOURCE CREDITS CUSTOMS CLEARANCE CUSTOMS CLEARANCES DEBT DEPOSIT DEVELOPMENT BANK DIRECT INVESTMENT DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS DOMESTIC CREDIT DRIVERS EARNINGS ECONOMIC EMPOWERMENT ECONOMIC REFORMS EDUCATION LEVEL EMPLOYEE EMPLOYER ENTREPRENEURIALISM ENTREPRENEURSHIP EQUIPMENT EXPENDITURE EXTERNAL FINANCING FEMALE ENTREPRENEURS FINANCE ACCESS FINANCES FINANCIAL CAPACITY FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL MANAGEMENT TRAINING FINANCIAL NEEDS FINANCIAL RESOURCES FINANCIAL SECTOR FINANCIAL SUPPORT FINANCIAL SYSTEM FIRM PERFORMANCE FIXED ASSETS FOREIGN DIRECT INVESTMENT FOREIGN FIRMS FORMAL FINANCIAL SECTOR FORMAL SOURCES OF CREDIT GENDER GENDER DIFFERENCES GOVERNMENT OWNERSHIP GREATER ACCESS HEAVY RELIANCE HIGH INTEREST RATES HUMAN RESOURCE IMPORT LICENSE INCOME INCOMES INDIRECT COST INDIRECT COSTS INFLATION INSTITUTIONAL REFORMS INTEREST RATE INTEREST RATES INTERNAL FUNDS INTERNATIONAL BANK INVENTORIES INVESTMENT CLIMATE INVESTMENT CLIMATE ASSESSMENT INVESTMENT CLIMATES JOB CREATION LABOR COSTS LABOR MARKET LACK OF ACCESS LACK OF TRANSPARENCY LAND OWNERSHIP LARGE FIRM LARGE FIRMS LEVEL OF DEBT LEVEL OF EDUCATION LIMITED ACCESS LIMITED ACCESS TO FINANCE LINE OF CREDIT LINES OF CREDIT LOAN LOAN APPLICATION LOAN APPLICATION PROCEDURES LOAN APPLICATIONS LOAN MARKETS LOAN OFFICERS LOAN PORTFOLIO LONG-TERM FINANCE MACROECONOMIC ENVIRONMENT MARGINAL RATE MARKET SHARE MATURITIES MATURITY MICRO ENTERPRISES NEW ENTRANTS NONPERFORMING LOANS NPL OIL PRICES OVERDRAFT OVERDRAFTS PERSONAL ASSETS POLICY RESPONSE POOR INVESTMENT PROBLEMS WITH CREDIT PRODUCTIVITY PROFITABILITY PUBLIC FINANCES PURCHASES QUESTIONNAIRE REAL INTEREST REAL INTEREST RATE RETAINED EARNINGS ROAD ROAD TRANSPORT ROADS RULE OF LAW SALES SHORT-TERM FINANCE SHORT-TERM FINANCING SMALLER FIRMS SOURCES OF CREDIT SOURCES OF FINANCE SUBSIDIARY TAX TAX ADMINISTRATION TAX RATE TAX RATES TAXATION TELECOMMUNICATIONS TOTAL COMPENSATION TRADE CREDIT TRADING TRANSIT TRANSPARENCY TRANSPORT TRANSPORT EFFICIENCY TRANSPORTATION TRANSPORTATION NETWORK TRANSPORTATION PROBLEMS UNACCEPTABLE COLLATERAL UNEMPLOYED UNEMPLOYMENT UNSKILLED WORKERS VALUE OF COLLATERAL VENTURE CAPITAL VENTURE CAPITALISTS WAGES WOMEN ENTREPRENEURS WORKING CAPITAL
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000350881_20090318152502 http://hdl.handle.net/10986/2608

Description
Summary:	Nigeria's vision of 2020 is a bold desire to be among the top twenty economies by the year 2020. The economy has posted impressive growth figures since 2003 driven by higher oil prices and a series of home-grown, economic reforms. The country is now firmly on the road to middle-income status. This Investment Climate Analysis is built on a 2,300 firm survey and provides evidence-based recommendations designed to support the vision 2020. Survey results represent investment climate status in Nigeria and are grouped by the following topics: firm productivity and business environment, comparison of state level investment climates, access to finance, entrepreneurship and managerial capacity in firms, and investment climate aspects. The authors conclude that stakeholder consultations on the diagnostic work, policy assessment, and design would improve Nigeria's investment climate.

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