Investing in Human Capital for Nigeria's Future (English)

The Nigerian economy remains dependent on the small oil sector (under 10 percent of GDP) for the bulk of its fiscal revenues and foreign exchange earnings. This makes Nigeria’s balance of payments and government budgets vulnerable to volatilities in oil prices. Indeed, growth and investment in Nigeria have been negatively impacted by repeated oil-price driven boom-bust cycles. The oil price shock of late 2014 and its aftermath pushed the economy into...
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Citation

Joseph-Raji,Gloria Aitalohi; Timmis,Emilija; Meky,Muna Salih; Rufai,Mistura Adedoyin; Loevinsohn,Benjamin P.; Pinto,Sangeeta Carol; Odutolu,Ayodeji Oluwole; Ajiboye,Ayodeji Gafar; Pradhan,Elina; Abu-Ghaida,Dina N.; Mohammed,Aisha Garba; Okunmadewa,Foluso; Pandey,Priyanka; Coulibaly,Souleymane; Carneiro,Francisco Galrao; Konjhodzic,Indira; Ben Messaoud,Rachid.

Investing in Human Capital for Nigeria's Future (English). Nigeria Biannual Economic Update Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/346771542864299850

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