Syndicate content

Nigeria

Economic diversification: A priority for action, now more than ever

Cecile Fruman's picture

The global economy is stagnating, and uncertainty about its future is rising. These trends weigh heavily on countries that depend on the production and export of a small range of products, or that sell products in only a few overseas markets.  Prices of the minerals and other basic commodities that dominate the exports of many poor countries have also declined sharply. All of this points up the need for diversification strategies that can deliver sustained, job intensive and inclusive growth.

The World Bank Group’s Trade & Competitiveness Global Practice (T&C), a joint practice of the World Bank and International Finance Corporation (IFC), is working with a growing roster of client countries eager to achieve greater economic diversification. This is a worthy goal regardless of economic conditions, but especially so now, as developing countries with sector-dependent economies face mounting pressures.

Chile is an example of a diversified economy, exporting more than 2,800 distinct products to more than 120 different countries. Zambia, a country similarly endowed with copper resources, exports just over 700 products — one-fourth of Chile’s export basket — and these go to just 80 countries. Other low-income countries have similarly limited diversified economies. The Lao People’s Democratic Republic and Malawi, for example, export around 550 and 310 products, respectively. Larger countries that export oil, such as Nigeria (780 products) and Kazakhstan (540 products), have failed to substantially expand the range of products they produce and export.


AJG Simoes, CA Hidalgo. The Economic Complexity Observatory: An Analytical Tool for Understanding the Dynamics of Economic Development. Workshops at the Twenty-Fifth AAAI Conference on Artificial Intelligence. (2011)
http://atlas.media.mit.edu/en/profile/country/chl/#Exports

While the sluggish global economy is creating economic problems for traditional exports, other economic trends offer new routes and opportunities for poor countries to diversify. The trend toward the spatial splitting up of production across wide geographic areas, and the emergence and growth of regional and global value chains, offer new ways for developing countries to export tasks, services and other activities. Value chains offer developing countries a path out of the trap of having to specialize in whole industries, with all of the cost and risk that such a strategy entails.

Partnering to measure impacts of private sector projects on job creation

Alvaro Gonzalez's picture
Worker in Ghana
For the poor and vulnerable of the world, jobs are key to ending poverty and driving development. But not all jobs are equally transformational.  
Photo: Jonathan Ernst / World Bank

Jobs are what we earn, what we do, and sometimes even who we are. For the poor and vulnerable of the world, jobs are key to ending poverty and driving development. But not all jobs are equally transformational. Good jobs add value to society, taking into account the benefits they have on the people who hold them, and the potential spillover effects on others. For example, inclusive jobs, such as those that employ women, can change the way families spend money and invest in the education and health of children.  

Beyond the status quo: Using impact evaluation for innovation in health policy

Marcus Holmlund's picture

How do we deliver higher-quality health services in low-capacity settings? 
 
This is the question that we have sought to answer through a long-standing impact evaluation (IE) research collaboration with the Nigerian Ministry of Health and the Bill & Melinda Gates Foundation. The results of this collaboration will be presented at the World Bank on February 8 at Beyond the Status Quo: Using Impact Evaluation for Innovation in Health Policy. This one-day event will bring together policymakers, practitioners, and academics to discuss policy implications and ways to further promote and strengthen capacity for evidence-informed policy.

Nigeria General Household Survey 2015-2016: Data and documentation now available

Vini Vaid's picture
© Curt Carnemark / World Bank

The National Bureau of Statistics (NBS) in collaboration with the World Bank’s Living Standards Measurement Study (LSMS) team launched the third wave (2015–16) of the Nigeria General Household Survey (GHS)-Panel in Abuja, on December 13, 2016.  
 
The GHS-Panel survey is a nationally representative survey administered every 2–3 years, that covers a range of topics including demography, education, welfare, agriculture, health and food security. The data is collected in two visits: post-planting and post-harvest seasons. The survey follows the same households over time and collects a rich set of information, to allow for comprehensive time-series analyses that can help shape policies for a wide array of development sectors. Here are some interesting findings from the 2015–16 survey:

Urbanization in Nigeria: Planning for the Unplanned

Salim Rouhana's picture
Since 2011, when floods destroyed the bridge that once stood here, the only way members of this Ibadan community can cross the river is by walking across it when the water is low. As the river grows during the rainy season, the community remains separated from the city. © Ivan Bruce, World Bank



“City plans must fit the people, not the other way round.” Jane Jacobs, journalist and urban studies author

Ibadan,  the third largest metropolitan area in Nigeria after Lagos and Kano,  has organically grown from around 60,000 inhabitants in the early 1800’s to more than three million today, and is projected to reach 5.6 million by 2033. The city’s urban footprint continues to sprawl due to weak land use planning that leads to the proliferation of informal settlements in flood prone areas. 

Editorial decisions, economic decisions: The funders’ role in West African media

Nonso Jideofor's picture

While independent journalists are bastions in support of good government, “independence” is not always an available choice. In Nigeria, for example, in a highly competitive job market that underpays and has little respect for journalists, many sway their coverage according to explicit and implicit political pressures and are sometimes expected to take bribes. One member of the media explained it this way:   
 
“If there’s a cholera outbreak from contaminated water sources and the Ministry of Water Resources is doing an event, reporters will cover the event and not bother about the cholera outbreak itself. This is not because they don’t care; [editorial choices] have mostly become economic decisions. The Ministry will pay for the event to be covered, that is how the system works. You aren’t supposed to pay for news but you can pay to make news.”
 
In a media landscape like this one, where economic and editorial decisions are in conflict, international donors can provide vital financial support to independent media organizations, empowering them to hold governments accountable. But as my team at Reboot detailed in a report published this summer, providing strategic support requires a holistic approach, beyond program funding.    
 
Because of its flourishing media ecosystem, Nigeria is a powerful regional case study for how funders might take such an approach. Even though Nigeria formally ended state-owned media monopolies when it deregulated broadcasting in 1992, the government maintains informal control of the news through political patronage, corrupt practices, and direct threats and violence. This is true both at the federal level as well as subnational; state and local governments, to varying degrees, use these tools to bend media coverage.
 
Examples can be found across West Africa, such as in Ghana, where we learned that the practice of purchasing coverage is so widespread it has entered common parlance under the word “soli,” or solidarity money. In this landscape, independent media struggles to be truly independent.  
 
Nevertheless, the rise of the digital age is democratizing coverage control in West Africa. Citizens are breaking news and analyzing stories through social media. Their voices are transforming media—upending the traditional media models and inspiring new ones—and demanding that media uncover corruption and hold leaders accountable. This citizen-powered media landscape has in turn pushed the government to become more responsive to public discourse, potentially driving more citizen engagement.

Reasons for optimism in closing the infrastructure financing gap

Jason Zhengrong Lu's picture

There is no doubt a significant financing gap exists for investments in infrastructure in emerging markets and developing economies, a gap that stands in the way of funding projects crucial to providing basic services to transform living conditions across the globe. We at the Global Infrastructure Facility (GIF) recognize that addressing the infrastructure gap can get us closer to eliminating poverty and boosting shared prosperity.
 
After attending a discussion with a prestigious panel of finance ministers and senior financiers at the event “Making Infrastructure Rewarding,”—hosted by the GIF on the eve of the IMF-World Bank Group’s 2016 annual meetings in Washington, D.C, I feel there is a lot to be optimistic about in the way infrastructure is viewed and financed using the right instruments to fill the gap.
 
Given the standing-room-only attendance at the event—which was also live-streamed—and the number of comments and tweets that came in using #investininfra, there is clearly enormous interest in how we get from point A to B.

Paving the Way for a Brighter Future for Nigeria’s Mothers and Children

Temitope Akintunde's picture
Left, Dr Oluwole Odutolu, Senior Health Specialist, with officials of Osun State Ministry of Health after they received their initial disbursement check from the Minister of Health.

As I witnessed the official launch of the Saving One Million Lives Program for Results (SOML PforR), a government-led initiative supported by a $500 million World Bank International Development Association credit, I was overcome by several emotions, the foremost of which was hope.

The next generation of African scientists need a more sustainable career path

Rama George-Alleyne's picture
A professor teaching cell biology and biochemistry at a university in Africa. (Stephan Gladieu / World Bank)

Happy UN Day for South –South Cooperation!
 
Investment in skills is vital to economic growth and competitiveness and poverty reduction. I believe that there is no better way to do that than to educate young graduates with expertise in high-demand areas to help grow African economies, create jobs, and support research.


Pages