[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-108147-en":3,"doc-seo-108147-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":21,"is_downloadable":21,"audit_status":21,"page_count":22,"language":23,"language_code":24,"site_id":25,"html_lang":24,"table_of_contents":26,"faqs":27,"seo_title":13,"seo_description":14,"update_tm":28,"read_time":29},108147,1099513958762,"Logic","https://ap-avatar.wpscdn.com/avatar/1000023916a998db790?x-image-process=image/resize,m_fixed,w_180,h_180&k=1784791008015729253",8,"Research & Report","Nigeria Country Economic Memorandum - Charting a New Course - Technical Notes","Nigeria Country Economic Memorandum: Charting a New Course provides technical notes that organize key reform priorities across electricity sector growth, trade and investment, adolescent girls and demographic dividends, and domestic revenue mobilization. It outlines constraints and policy measures to address persistent power-sector crisis, improve industrialization and diversification through better trade policies, and mitigate demographic risks. It also proposes tax and administrative reforms and highlights steps to strengthen competition and create quality jobs for young Nigerians after COVID-19.","Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized Pub lic Disclosure Authorized  \nNigeria  \nCountry Economic Memorandum  \nTechnical Notes  \nCharting a New Course  \nNigeria Country Economic Memorandum:  \nCharting a New Course  \nTechnical Notes  \nDecember 2022  \nReport No. AUS0002837  \n© 2022 International Bank for Reconstruction and Development / The World Bank 1818 H Street NW  \nWashington DC 20433 Telephone: 202-473-1000  \n[Internet: www.worldbank.org](Internet: www.worldbank.org)  \nThis work is a product of the staff of The World Bank with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank, its Board of Executive Directors, or the governments they represent.  \nThe World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries.  \nRights and Permissions  \nThe material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for noncommercial purposes as long as full attribution to this work is given. Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; [e-mail: pubrights@worldbank.org](e-mail: pubrights@worldbank.org).  \nCover credits: \"Contact\" by Jimmy Nwanne. This painting refers to man’s curiosity and inquiry about the source of life. It speaks about the possibility of life beyond the walls of our world and planet. If we have life outside our world, how do we access this dimension in order to communicate? To become, we have to enter different states of consciousness.  \nContents  \nAbbreviations and Acronyms x  \nNote 1: Igniting Economic Growth by Reforming Nigeria’s Power Sector 2  \n1.1 The country that currently has the least access to electricity in the world needs a power sector capable of meeting demand as it grows 2  \n1.2 After privatization in 2013 and before 2021, tariff regulation and market contracts were not fully  \nenforced and policy direction was inconsistent, creating a permanent crisis 4  \n1.3 The government funding to the sector to cover the tariff shortfalls did not benefit the poor 7  \nReferences 14  \nNote 2: Integrating Nigeria through Better Trade Policies for Investment and Diversification 16  \n2.1 Increasing and diversifying exports and FDI is central to advancing Nigeria’s industrialization and  \ndevelopment objectives 16  \n2.2 Import restrictions undermine the country’s development goals 26  \n2.3 Finding the right balance: how industrial and trade policy can contribute to Nigeria’s development aims 34  \nReferences 38  \nNote 3: Investing in Adolescent Girls to Defuse Nigeria’s Demographic Time Bomb 41  \n3.1 Introduction and Context 41  \n3.2 Constraints to Demographic Transition through the Lens of Nigeria’s Adolescent Girls 46  \n3.3 Policy Measures to Accelerate the Demographic Transition to Harness the Demographic Dividend 53  \nReferences 58  \nNote 4: Options for Nigeria to Mobilize Domestic Revenues Without Hurting Investment 61  \n4.1 Africa’s biggest economy also has Africa’s lowest tax-to-GDP ratio: Nigeria must mobilize far more revenue if it is to capitalize on its immense economic potential 61  \n4.2 The economy has adequate space for administrative and policy reforms that do not negatively impact  \ninvestment and growth 63  \n4.3 Excise tax can help lower the cost of environmental pollution, improve health prospects, and boost tax  \nrevenue by up to 1 percent of GDP 63  \n4.4 The electronic money transfer (EMT) levy is a stable revenue source with potential to raise up","cbCaifNBzBdFaZhZ","https://ap.wps.com/l/cbCaifNBzBdFaZhZ","pdf",3797237,4,1,176,"English","en",105,"# Contents\n## Note 1: Igniting Economic Growth by Reforming Nigeria’s Power Sector\n## Note 2: Integrating Nigeria through Better Trade Policies for Investment and Diversification\n## Note 3: Investing in Adolescent Girls to Defuse Nigeria’s Demographic Time Bomb\n## Note 4: Options for Nigeria to Mobilize Domestic Revenues Without Hurting Investment\n## Note 5: Strengthening Competition in Nigeria to Unlock Growth Opportunities\n## Note 6: Good Jobs for a New Generation: Delivering Quality Jobs for Young Nigerians After COVID-19\n## Annex 5.1\n## Annex 6.1 Definitions and data sources\n## Annex 6.2 Estimating the impact of the 2016 oil recession","[{\"question\":\"What does Note 1 focus on in Nigeria’s economic reform agenda?\",\"answer\":\"Note 1 focuses on igniting economic growth by reforming Nigeria’s power sector, including why electricity access and sector capacity are critical as demand grows.\"},{\"question\":\"How does the memorandum propose integrating Nigeria through trade policy?\",\"answer\":\"Note 2 explains how increasing and diversifying exports and attracting foreign direct investment support industrialization, while import restrictions can undermine development goals.\"},{\"question\":\"Which policy themes are covered under revenue and employment in the technical notes?\",\"answer\":\"Note 4 addresses mobilizing domestic revenues through tax and administrative reforms, while Note 6 concentrates on delivering quality jobs for young Nigerians after COVID-19 by tackling labor market risks and job 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