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Investing in Human Capital for Nigeria’s Future : Nigeria Biannual Economic Update (English)

The Nigeria Biannual Economic Update is a product of the staff of the World Bank and has three broad aims. First, it reports on the key developments in the Nigerian Economy in the recent past. Secondly, it summarizes the staff’s assessment of likely economic outcomes in the short-to-medium term, given the policy developments, and highlights key short-term risks. Finally, the Update provides a more in-depth examination of selected highly relevant economic policy topics.


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    Joseph-Raji,Gloria Aitalohi, Timmis,Emilija

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  • Doc Name

    Investing in Human Capital for Nigeria’s Future : Nigeria Biannual Economic Update

  • Keywords

    Micro, Small and Medium Enterprise; oil price; Tax Policy and Administration; upstream oil and gas; economic burden of malaria; access to foreign exchange; oil and gas export; Capital Adequacy Ratio; total fertility rate; out of school child; current account balance; oil sector; external reserve; human capital outcomes; Exchange Rates; balance of payment; domestic revenue mobilization; tight monetary stance; tax policy reform; Oil & Gas; high oil price; current account surplus; growth and development; short-term capital inflows; information and communication; return on asset; net oil revenue; price of oil; international poverty line; gross domestic product; basic social service; primary school age; consumer price index; barrels per day; flow of credit; commercial bank credit; real growth rate; value added tax; direct government intervention; sanitation and hygiene; exchange rate instability; social protection system; trade and investment; errors and omission; per capita income; money market rate; government bond yield; banking sector stability; fixed income market; human capital development; open market operation; exchange rate stability; fuel price increase; Internally Displaced Person; growth in agriculture; total public debt; consumer confidence index; impact of conflict; domestic debt instrument; public debt stock; parallel exchange rate; private sector lending; official exchange rate; emerging market economy; long term investment; public sector action; human capital stock; foreign exchange liquidity; education and health; inflation; economic diversification; business environment; sectoral growth; real gdp; Oil Export; broad money; nominal income; fiscal revenue; agricultural growth; development partner; federal government; Fuel Subsidies; oil output; base year; fiscal space; government revenue; external borrowing; political uncertainty; collect revenue; state expenditure; boom-bust cycle; net credit; Macroeconomic Stability; consumer demand; market volatility; Job Creation; oil dependency; social outcome; Host Communities; petroleum industry; real sector; fiscal deficit; financial situation; Macroeconomic Resilience; basic price; Real estate; financial account; treasury bill; portfolio inflow; export growth; social accountability; church leaders; general elections; young people; vocational skill; government priority; regulatory uncertainty; cement industry; foreign portfolio; liquidity management; positive growth; comparator country; economic recovery; investment inflow; income components; food component; liquidity ratio; cash reserve; monetary policy; bond rate; crop production; trade balance; capital remains; debt portfolio; currency swap; intervention rate; government operation; traditional leaders; data gaps; bond issue; disruptive technology; community organizer; rail construction; future investment; output shock; public expenditure; tax system; oil company; private capital; investment requirement; vaccination coverage; private enterprise; communications technology; strategic objective; Downstream Oil; fiscal regime; economic model; infrastructure facility; national assembly; legislative process; call payment; oil reserve; federal revenue; international standard; external position; debt sustainability; large population; banking industry; market price; investment good; agricultural sector; consumer expectation; investment platform; widespread exploitation; high unemployment; payment arrears; high inflation; real income; aggregate demand; liquidity condition; oil companies; market pressure; internet data; persistent risk; short-term risk; import growth; Economic Policy; government security; domestic borrowing; direct intervention; budget revenue; fuel smuggling; fuel import; private spending; retail rate; capital account; education level; policy option; import restriction; government support; government expenditure; implicit subsidy; ongoing conflicts; agriculture sector; government budget; inflationary pressure



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Joseph-Raji,Gloria Aitalohi Timmis,Emilija

Investing in Human Capital for Nigeria’s Future : Nigeria Biannual Economic Update (English). Washington, D.C. : World Bank Group.