Skip to Main Navigation

Making finance work for Nigeria (Inglês)

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.

Detalhes

  • Autor

    Fuchs, Michael Radwan, Ismail

  • Data do documento

    2009/11/01

  • TIpo de documento

    Documento de Trabalho

  • No. do relatório

    62623

  • Nº do volume

    1

  • Total Volume(s)

    1

  • País

    Nigéria,

  • Região

    África,

  • Data de divulgação

    2011/06/17

  • Disclosure Status

    Disclosed

  • Nome do documento

    Making finance work for Nigeria

  • Palavras-chave

    Financial Sector;financial system;access to international capital markets;access to financial service;global financial crisis;decline in poverty rate;property and casualty insurance;access to formal finance;small and medium size enterprise;bank regulation and supervision;debt and equity market;third party service provider;improving access to finance;legal and regulatory framework;payment and settlement system;investment in information technology;Insolvency and Creditor Rights;millennium development goal;private sector financial institutions;movable property as collateral;Oil and Gas Sector;average for sub-saharan africa;high growth rate;banking system;financial sector development;remittance service provider;banking sector;financial sector crisis;securities settlement system;Oil & Gas;downstream oil sector;domestic financial institution;reduction in poverty;formal financial service;source of financing;formal financial system;private sector lending;retail payment system;public interest entity;oil price;minimum capital requirement;mobile payment system;refined oil product;commercial banking system;long term saving;number of banks;economic reform program;annual debt service;high oil price;international oil price;cross country comparison;cost of finance;banking sector development;Public Sector Failure;appetite for risk;foreign currency inflows;life insurance product;development finance institution;health care needs;review of regulation;poverty reduction effort;Insurance and Pension;domestic private sector;household and individual;availability of finance;mortgage backed securities;financial sector strategy;local capital market;domestic capital market;form of saving;sovereign debt market;central security depository;electronic payment instruments;capital market development;minister of finance;deployment of atms;international good practice;source capital;total market capitalization;third-party service provider;point of departure;corporate governance practice;individual in default;stable exchange rate;private health insurance;banks' balance sheet;national economic growth;long term growth;cost of transfer;payment system oversight;amount of remittance;foreign bank account;money transfer operator;remittance transfer service;long term investment;capacity of individual;fees and charge;collection of information;financial service industry;pension fund administrator;source of funding;local financial system;accounting and reporting;land administration reform;exchange of information;stable economic growth;availability of credit;corporate governance standard;international financial crisis;portfolio investment strategy;insurance companies;stock market;

Downloads

COMPLETAR RELATÓRIO

Versão oficial do documento (pode conter assinaturas, etc.)

  • PDF oficial
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *A versão do texto é um OCR incorreto e está incluído unicamente em benefício de usuários com conectividade lenta.