Making Finance Work for Nigeria

Making Finance Work for Nigeria

This study begins by considering the banking sector and then moves on to issues relating to improving access to finance to support Nigeria's economic growth vision. The second part of the study refers to issues relating to longer-term finance:...

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Bibliographic Details
Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2017
Subjects:	ACCEPTABLE COLLATERAL ACCOUNTING ACCOUNTING STANDARD AGRICULTURAL COOPERATIVE ASSET CLASS AVAILABILITY OF CREDIT BACKED SECURITIES BALANCE SHEET BALANCE SHEETS BANK BORROWERS BANK CREDIT BANK LENDING BANK REGULATION BANKING CRISIS BANKING REGULATIONS BANKING SECTOR BANKING SECTOR DEVELOPMENT BANKING SYSTEM BORROWER BRANCH NETWORK BROKER BUY-BACKS CAPACITY BUILDING CAPITAL MARKET CAPITAL MARKETS CAPITAL REQUIREMENT CAPITAL REQUIREMENTS CENTRAL BANK CENTRAL BANKS CENTRAL SECURITIES DEPOSITORY CHECKS COLLATERAL COLLATERAL REGISTRIES COMMERCIAL BANKING CONFLICT OF INTEREST CONSUMER PROTECTION CORPORATE DEBT CORPORATE GOVERNANCE CORPORATE INSOLVENCY CREDIT CULTURE CREDIT HISTORIES CREDIT INFORMATION CREDIT LINES CREDIT RISK CREDITOR CREDITOR RIGHTS CREDITORS CURRENCY CURRENCY DEPRECIATION DEBT DEBT MANAGEMENT DEBT RELIEF DEBT SERVICE DEBTORS DEPOSIT DEPOSIT INSURANCE DEVELOPMENT BANK DEVELOPMENT FINANCE DOMESTIC CAPITAL DOMESTIC CAPITAL MARKETS ECONOMIC DEVELOPMENT EMERGING MARKET ENFORCEMENT PROCEDURES EQUITY MARKET EUROBOND EXCHANGE COMMISSION EXCHANGE RATE EXPENDITURE EXTERNAL DEBT FINANCIAL CRISIS FINANCIAL INFRASTRUCTURE FINANCIAL INSTITUTIONS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICE PROVIDERS FINANCIAL SYSTEM FINANCIAL SYSTEMS FOREIGN EXCHANGE FOREIGN INVESTORS FRAUD GOVERNANCE ISSUES GOVERNANCE STANDARDS GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT DEBT GOVERNMENT DEBT MARKET GOVERNMENT FINANCES GROSS DOMESTIC PRODUCT HOLDING HOUSING FINANCE HUMAN CAPITAL IMMOVABLE PROPERTY INFLATION INFLATION RATE INFLATION RATES INFORMATION DISCLOSURE INFORMATION SYSTEM INFORMATION TECHNOLOGY INFRASTRUCTURE INVESTMENT INITIAL PUBLIC OFFERING INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE CORPORATION INSURANCE INDUSTRY INSURANCE MARKET INSURANCE PREMIUMS INSURANCE PRODUCTS INTEREST RATES INTERNATIONAL CAPITAL INTERNATIONAL CAPITAL MARKETS INTERNATIONAL FINANCIAL CRISIS INTERNATIONAL INVESTORS INTERNATIONAL STANDARDS INVESTMENT CHOICE INVESTMENT HORIZON INVESTMENT INSTRUMENTS INVESTMENT RISKS INVESTMENT STRATEGIES IPO ISSUANCE ISSUANCES LEGAL FRAMEWORK LEGAL SYSTEM LENDING PORTFOLIOS LEVEL PLAYING FIELD LIABILITY LIENS LIFE INSURANCE LIFE INSURANCE PRODUCTS LIQUIDITY LIVING STANDARDS LOCAL GOVERNMENT LONG TERM SAVINGS MACROECONOMIC STABILITY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET ECONOMY MARKET INFRASTRUCTURE MARKET LIQUIDITY MARKET PARTICIPANTS MARKET RISK MARKET SHARE MARKET STRUCTURE MICRO-FINANCE MICROFINANCE MOBILE PHONE MORAL HAZARD MORTGAGE MORTGAGE MARKET MORTGAGES MOVABLE PROPERTY AS COLLATERAL NON-PERFORMING LOANS OIL PRICE OIL PRICES OPERATIONAL INDEPENDENCE PAYMENT SERVICES PAYMENT SYSTEM PAYMENT SYSTEMS PENSION PENSION ASSETS PENSION FUND PENSION FUNDS PENSION REFORMS PENSION SYSTEM PENSIONS POOR REPUTATION PORTFOLIO PORTFOLIO INVESTMENT PORTFOLIO MANAGEMENT PRIMARY DEALERS PRIVATE CAPITAL PRIVATE CREDIT PRIVATE CREDIT BUREAUS PRUDENTIAL STANDARDS REAL PROPERTY REGULATORY FRAMEWORK REGULATORY GOVERNANCE REMITTANCE REMITTANCE SERVICE REMITTANCES REPAYMENT REPAYMENT RECORD REPAYMENTS RESERVES RETURN RETURNS RISK DIVERSIFICATION RISK MANAGEMENT RISK MANAGEMENT SYSTEM RURAL FINANCING SAVINGS INSTRUMENTS SECONDARY MARKET SECONDARY TRADING SECURITIES SECURITIES REGISTRATION SETTLEMENT SETTLEMENT SYSTEM SETTLEMENT SYSTEMS SOVEREIGN BONDS SOVEREIGN DEBT SOVEREIGN DEBT MARKET STOCK EXCHANGE STOCK MARKET TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY TRUST FUND UNSECURED CREDITORS VALUE OF ASSETS VALUE PAYMENT SYSTEMS WORKING CAPITAL
Online Access:	http://documents.worldbank.org/curated/en/782651468120859201/Making-finance-work-for-Nigeria http://hdl.handle.net/10986/28122

Description
Summary:	This study begins by considering the banking sector and then moves on to issues relating to improving access to finance to support Nigeria's economic growth vision. The second part of the study refers to issues relating to longer-term finance: both the sources of financing, such as pensions and insurance, and their uses in providing financing for resolving Nigeria's crucial infrastructure shortfalls in infrastructure and housing. The final part of the study returns to the fundamental 'plumbing' of the financial system focusing on the legal and regulatory foundation for creditor rights and corporate insolvency, instituting sound corporate governance standards for corporations and banks, and providing secure and low cost transmittal of payments and remittances. While it is difficult to identify a common theme running through this volume without compromising the diversity and nuance of the recommendations, the overarching theme supported by this volume is the importance of exchange of reliable information as the basis for financial transactions between unconnected third parties. Implementation of systems designed to strengthen accounting and reporting standards for banks and corporations, the registration of movable and immovable property, property liens and credit histories as well as exchange of information about prices, interest rates, fees and charges for financials services will considerably enhance the functionality of financial systems and prove crucial in establishing a trusted and robust market-based financial system in support of stable economic growth and development in Nigeria.

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