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Nigeria

ECOWAS, CET, and EPA – let’s take the debate to where the action is

Erik von Uexkull's picture

Road near Zaria, Nigeria. Source - pjotter05The Economic Community of West African States (ECOWAS) is making some real progress in regional integration. After decade-long negotiations, it has just launched its own Common External Tariff (CET), and now a final proposal for an Economic Partnership Agreement (EPA) with the European Union is also on the table.

However, vast differences in opinion remain regarding the likely effects of these reforms. In Nigeria—a key player in the region— debate is currently lively as to whether the country should sign the EPA, with some local stakeholders wary of the proposed reduction in trade protection.

Noting these concerns, the World Bank Group recently shed more light on the anatomy of these trade shocks. By analyzing detailed trade and firm data in a simple short-term framework, we were able to pick up details that are important determinants of how the reforms might play out—even in the longer run. The full reports can be found here, along with a non-technical policy note.

So what did we find?

What you don't know can hurt you: Malaria edition

Markus Goldstein's picture
You are feeling not so well.   You go to the doctor.   She is a good doctor.   She runs some tests, tells you nothing is wrong with you and you leave, ready to get back to work.   Why are you so much more ready to work now then you were before you saw your doctor?  
 

Future Development Forecasts 2015

Shanta Devarajan's picture

Despite their mixed record last year, Future Development's bloggers once again offer their predictions for 2015.  Eight themes emerge.
 
1. Global growth and trade. The US economy will strengthen far above predictions. Together with lower oil prices and a better business climate in emerging markets, this will create substantial positive spill-overs, including to the smaller export-oriented Asian economies, boosting the growth of their manufactured exports well above recent trends. The US will look to open new free trade agreements in Asia—India may try to join—and seek opportunities to do the same in Africa. Meanwhile, Germany will face increasing resistance to the free-trade agreement with America (TTIP), just as Angela Merkel celebrates her 10th year in office.

The Decline in Oil Prices: An Opportunity

Ivailo Izvorski's picture

A decade of elevated oil prices brought prosperity to many developing countries. Incomes rose, poverty shrank, macroeconomic buffers were rebuilt. The fiscal space for investing more in education and infrastructure increased, resulting in better sharing of prosperity. At the same time, higher commodity prices and surging global demand resulted in much more concentrated exports in all developing oil-rich countries. "Diversifying exports" became a priority for policy makers and development economists around the world. Historical experience and evidence to the contrary from successful resource rich countries notwithstanding, many widely believe that a more diversified export structure should be an important national goal and may well be a synonym for development, a goal that government can target and achieve.  And a more diversified export structure typically meant a smaller share of commodity exports in total shipments abroad or a reduced concentration – as measured by the Herfindahl-Hirschmann index – of exports.

With a Visit to West Africa, Renewed Commitment to Women Traders

Cecile Fruman's picture

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 World Bank Group.I recently returned from a trip to West Africa during which I crossed the Benin-Nigeria border by car at the Seme border post. While waiting for our passports to go through lengthy controls and stamping, I observed the intense activity of the numerous cars, motorbikes and pedestrians passing through.

Sure enough, most of the women were on foot, and they were the ones who were submitted to the most intense scrutiny. While the men on motorbikes were able to ram their way through by refusing to slow down, the women all had to go through a narrow passage where they were subject to questioning and document requirements. It was quite apparent that women were being asked for bribes that men were able to waive by driving right though! I had been reading about how women are subject to more intense harassment at border crossings – this experience brought this to life very vividly.

It made me thankful for all the work we at the World Bank Group are doing to help women traders on the African continent.

Recovering stolen assets on the road to ending impunity

Jean Pesme's picture
#breakthechian
Source: UN


On International Anti-corruption Day 2014, one of the issues we at the Stolen Asset Recovery Initiative want to illustrate - is how recovering stolen assets helps fight corruption and end impunity.

On International Anti-Corruption Day, those involved in this effort, gather to express a shared commitment to take action, and to pledge - in the words of this year’s Twitter hashtag – to #breakthechain, against all forms of corruption - from petty bribes to grand corruption.   

Here at the World Bank, we are hosting the ‘International Corruption Hunters Alliance’. The Duke of Cambridge, Prince William, spoke out strongly, highlighting the malignant effects of corruption as, ‘an abuse of power; the pursuit of money or influence at the expense of society as a whole’.

Budget Rules for Resource Booms - and Busts

Shanta Devarajan's picture

Oil pumps The recent, precipitous decline in oil prices (35 percent so far this year) has revived the question of how oil-exporting countries should manage their budgets.  These countries’ governments rely on oil revenues for 60-90 percent of their spending.  In light of the price drop, should governments cut expenditures, including growth-promoting investment expenditures?  Or should they dip into the money they saved when oil prices were high, and keep expenditures on an even keel? Since oil prices fluctuate up and down, governments are looking for rules that guide expenditure decisions, rather than leaving it to the politicians in power at the time to decide whenever there is a price shock.  The successful experience of Norway and Chile, which used strict fiscal rules to make sure that resource windfalls are saved and not subject to the irresistible temptation to spend, is often contrasted with countries such as Nigeria and Cameroon, which didn’t.

Thoughts on the Future of ICT Regulation in Nigeria

CGCS's picture

An Ox 2013 alumnus Temitope Lawal discusses the issues surrounding Nigerian ICT regulation and the future of the Nigerian ICT sector.

What drew you to the study of telecommunication and media regulation?

The liberalization of the telecommunications industry in Nigeria, which started in 2001, aroused my interest in regulation of the ICT sector. This, coupled with the rapid development of new technologies including next generation network access in developed countries, informed my decision to pursue the requisite academic and professional knowledge towards contributing to the development of the ICT sector in Nigeria.

What effect has learning about telecommunications globally and interacting with people from cultures and backgrounds had on your research?

Learning about global telecommunications has exposed me to various issues, including the importance of reducing the digital divide in developing countries. As a developing country, Nigeria continues to struggle with the provision of telephony, broadcasting, and internet access to people residing in under-served areas of the country. I intend to further my research in this area so as to understand how best to address and overcome the challenge of providing people with equal access to communication services, taking into consideration my experience and interaction with telecommunication practitioners around the world.

Can urban innovation ecosystems be developed with little broadband infrastructure?

Victor Mulas's picture
We are witnesses to the surge of tech startup ecosystems in cities around the world, in both developed and developing countries.

In my previous blog post, I showed this trend and the studies that confirm it. Among the questions we are researching to map urban innovation ecosystems is whether there is a minimum set of requirements for these ecosystems to emerge — for example, in relation to infrastructure or the population's technical skills. What we are encountering is that, although you need a minimum level of infrastructure (e.g., at least some broadband connectivity and mobile phone networks), this level is much lower than many people expect. 

A city does not need to have 4G mobile broadband or widespread fiber-optic fixed broadband widespread. It is enough to have broadband connection in some key points (particularly hubs and collaboration spaces) and basic mobile phone coverage and use (such as 2G mobile phone service). A similar conclusion is applicable to the skill level of the population. The results of the study of New York tech ecosystem shows that almost half of the employment created by the ecosystem does not require a bachelor’s degree.

In this blog post, I present the case of Nairobi and the tech start-up ecosystems emerging in Africa. I'll also explore how these ecosystems can not only surge, but also compete internationally despite having limited broadband connectivity (both mobile and fixed). 
 
Map of Accelerators and Collaboration Spaces in Nairobi. Source: Manske, Julia. 2014. Innovations Out of Africa. The Emergence, Challenges and Potential of the Kenyan Tech Ecosystem.

Africa’s urban population growth: trends and projections

Leila Rafei's picture
On the periphery of Lagos, Nigeria, lies Makoko, a burgeoning slum community perched on a lagoon. Residents live in makeshift homes on stilts made of collected wood and tarp, and get around primarily by canoe.  Once a small fishing village, Makoko now draws migrants from neighboring countries, who flock to Nigeria for low-paying, unskilled jobs.


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