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:
CAR
NPL
TAX
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
id okr-10986-2608
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic 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
spellingShingle 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
Iarossi, Giuseppe
Mousley, Peter
Radwan, Ismail
An Assessment of the Investment Climate in Nigeria
geographic_facet Africa
West Africa
Sub-Saharan Africa
Nigeria
relation Directions in Development ; private sector development
description 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.
format Publications & Research :: Publication
author Iarossi, Giuseppe
Mousley, Peter
Radwan, Ismail
author_facet Iarossi, Giuseppe
Mousley, Peter
Radwan, Ismail
author_sort Iarossi, Giuseppe
title An Assessment of the Investment Climate in Nigeria
title_short An Assessment of the Investment Climate in Nigeria
title_full An Assessment of the Investment Climate in Nigeria
title_fullStr An Assessment of the Investment Climate in Nigeria
title_full_unstemmed An Assessment of the Investment Climate in Nigeria
title_sort assessment of the investment climate in nigeria
publisher World Bank
publishDate 2012
url 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
_version_ 1764385698081669120
spelling okr-10986-26082021-04-23T14:02:03Z An Assessment of the Investment Climate in Nigeria Iarossi, Giuseppe Mousley, Peter Radwan, Ismail 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 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. 2012-03-19T10:02:57Z 2012-03-19T10:02:57Z 2009 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 978-0-8213-7797-0 http://hdl.handle.net/10986/2608 English Directions in Development ; private sector development CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank Publications & Research :: Publication Publications & Research :: Publication Africa West Africa Sub-Saharan Africa Nigeria