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Statistics Section III
No full textThis is statistical representation of economic activities in Nigeria during the period under revie
Strategies for foreign investments in Nigeria: a central bank perspective.
No full textThe strategies adopted by Nigeria on foreign investments considered in this paper consist of a nexus of incentive measures designed to attract foreign investors as well as policies and regulations aimed at directing the flow of investments with a view to facilitating economic growth and a more even development. The major elements of the incentives comprise tax relief for Research and Development (R & D), pioneer status, tax-free dividends, Customs duty draw back on raw materials used for export production, export credit guarantee and insurance scheme, etc. Another important component of the incentive framework is the development of some basic industries and infrastructures considered necessary for expanding and consolidating the industrial base of the economy. The paper outlines the stages a foreign investor has to pass through when establishing a new company in Nigeria and discusses the administrative machinery for executing government strategies mentioned above. It also briefly presents the new processes laid down for the repatriation of profits and dividends. The paper concludes that the on-going resolute pursuit of the policy of rational economic reform and deregulation under the aegis of the Structural Adjustment Programme (SAP), by fostering international confidence and a more healthy business environment represents a significant additional incentive to foreign investors
Foreign investments and Nigeria\u27s economic recovery: issues and prosoects.
No full textThe ability of the policy measures in Nigeria\u27s Structural Adjustment Programme to stimulate aggregate output in the country depends strictly on the size, composition and quality of foreign investment the country can attract in the medium term. This is because of the persistence of the problem of foreign exchange scarcity; and the lack of technology and other investment pre-requisites on the part of indigenous entrepreneurs for the production of the industrial inputs on which the revival of activities in the productive sector of the economy depends crucially. In order to be in a positon to stimulate the inflow of foreign investment, large domestic investment in the establishment of industrial infrastructural projects for the production of some basic industrial raw materials needed by some small and medium scale enterprises should be made. Other measures include a comprehensive review of some regulatory measures. This is required to permit the country attract the requisite investors possessing the technology that is appropriate to the country\u27s needs
John Attipoe multiple exchange rates in Ghana and Nigeria: expectations, experiences, prospects - an economic analysis\u27\u27 Universidad de Gotinga, July 1987: 72 pages.
No full textThis is a review of the study multiple exchange rates in Ghana and Nigeria: expectations, experiences, prospects - an economic analysis\u27\u27 written by John Attipoe. The paper is a concise analysis of the multiple exchange rate system adopted by Ghana and Nigeria after the abandonment of their respective single rate regime. The paper sought to examine the new system from the theoretical and practical perspectives, as well as attempt an analysis of the implications and prospects of its operation in the two economies. The author based his empirical analysis on the first three months of the introduction of the scheme. For ease of reference, the author divided the paper into three chapters. Chapter one contains an exposition of the theory on multiple exchange rates in general; while chapters two and three examined the operation of the new system in Ghana and Nigeria, respectively. Preceding chapter one of the paper is an inclusion of the broad definition, description and functions of the multiple exchange rates which in fact, provided the basis for the subsequent theoretical analysis in chapter one
Developments in the financial system during the third quarter of 1988
No full textThis article is on the developments in the Nigerian financial system during the period under revie
The Nigerian experience of Structural Adjustment Programme - a Central Bank perspective
No full textThis paper addresses such aspects as the preSAP situation, the policy framework of the SAP and thereafter review and appraisal of the programme. It also outlines some of the leading issues on the SAP and the problems and prospects of consolidating its gains
Developments in the Financial System during the First Quarter of 1987
No full textMoney supply as measured by both Ml and M2 declined in the first quarter of 1987 due mainly to declines in net foreign assets and ••other\u27\u27 assets net of the banking system. Banking system credit, on the other hand increased although at a slower pace than in the last quarter of 1986. While both the money and capital markets remained active during the quarter, the tempo of activities slowed down considerably from the December 1986level
Nigeria\u27s Insurance Industry in 1985
No full textThis report describes the activities of insurance companies operating in Nigeria in 1985. Among the topics covered are the number and type, ownership structure, income and expenditure and the relative performance of the insurance companies. Their sources and application of funds, loss and expense ratios are also discussed by class of insurance. The report, which ends with a discussion of the assets -of the insurance companies, observes that operating costs rose in the companies during the review period, and traces the source of the increased costs to higher costs in the life insurance companies run by indigenous insurers
Developments in the Agricultural Sector during the Second Quarter of 1987
No full textThe widespread concern expressed about possible adverse effects of late arrival of rains abated slightly towards the end of the quarter. This was because in the south, middle belt and sudan savannah regions, the level of rain allowed early crops like maize, yam, groundnut and vegetables to be planted, nurtured and in some cases harvested. In the northern parts of the country, especially the sahelian zones, farmers experienced their first rains which facilitated land preparation activities as well as plan ting, especially in Kaduna, Bomo and Sokoto states. A total of 130, 952.35 tonnes of fertiliser were discharged at the ports during the quarter, bringing total procurements since the beginning of the year to 284,689.99 tonnes. Outbreak of pests such as rodents, quelea birds, grass-hopper attacks reported during the first quarter, however lingered on