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An Assessment of the Investment Climate in Nigeria

Author

Listed:
  • Giuseppe Iarossi
  • Peter Mousley
  • Ismail Radwan

Abstract

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.

Suggested Citation

  • Giuseppe Iarossi & Peter Mousley & Ismail Radwan, 2009. "An Assessment of the Investment Climate in Nigeria," World Bank Publications - Books, The World Bank Group, number 2608, December.
    • Handle: RePEc:wbk:wbpubs:2608
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    Citations

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    Cited by:

    1. Bao-We-Wal BAMBE & Jean Louis COMBES & Kabinet KABA & Alexandru MINEA, 2022. "Inflation Targeting and Developing countries’ Performance: Evidence from Firm-Level Data," LEO Working Papers / DR LEO 2941, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    2. Njenga, M., 2018. "An assessment of the business environment for waste-to-energy enterprises and how it affects women entrepreneurs in Kenya," Resource Recovery and Reuse Series H049001, International Water Management Institute.
    3. Gebrezgabher, Solomie & Taron, A. & Odero, J. & Njenga, M., 2018. "An assessment of the business environment for waste-to-energy enterprises and how it affects women entrepreneurs in Kenya," IWMI Books, Reports H049001, International Water Management Institute.
    4. Geske Dijkstra, 2013. "What Did US$18 bn Achieve? The 2005 Debt Relief to Nigeria," Development Policy Review, Overseas Development Institute, vol. 31(5), pages 553-574, September.
    5. Clarke, George, 2011. "Lying about firm performance: Evidence from a survey in Nigeria," MPRA Paper 35382, University Library of Munich, Germany.
    6. Michael Mbate, 2018. "Who bears the burden of bribery? Evidence from public service delivery in Kenya," Development Policy Review, Overseas Development Institute, vol. 36(S1), pages 321-340, March.
    7. Clarke, George, 2012. "Do reticent managers lie during firm surveys?," MPRA Paper 37634, University Library of Munich, Germany.

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