[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-109542-en":3,"doc-seo-109542-105":31,"detail-sidebar-cat-0-en-105":92},{"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":28,"seo_description":14,"update_tm":29,"read_time":30},109542,8796095461610,"Oliver","https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c",8,"Research & Report","Nigeria - Country Private Sector Diagnostic - Executive Summary - May 2025","Nigeria has the potential to become an economic powerhouse, supported by a large and growing population, regional trade ties through ECOWAS, rich agricultural and mineral resources, and a young entrepreneurial workforce enabled by digital entrepreneurship. Despite these advantages, growth has been slower than peers, job creation has been modest, and nearly half the population remains below the poverty threshold. The report outlines structural constraints, including reliance on oil and gas and fiscal and tax capacity challenges, and explains how policy reforms can unlock private-sector-led investment.","Public Disc losure Authorized  \nNigeria:  \nCountry Private Sector Diagnostic  \nEXECUTIVE SUMMARY  \nMAY 2025  \nu ub lic Disclosure th ir el Disclosure Authorized Pub lic Disclosure  \nAbout the Country Private Sector Diagnostic  \nThe private sector is the engine of long-term economic growth and a vital catalyst for global social and economic development. When functioning well, the private sector promotes innovation and entrepreneurship, improves access to and the quality of economic opportunities, and supports the sustainable use of natural resources. In developing economies, the private sector creates most jobs, generates tax revenue, and accounts for significant investment.  \nThe revised Country Private Sector Diagnostic (CPSD) reports seek to unlock private sector–led growth and investment. Prepared jointly by the institutions of the World Bank Group, each report discusses the overall business environment within a country and provides an analysis of specific sectors in which private sector investment could accelerate growth, if appropriate policy and regulatory issues are addressed.  \nDesigned from the perspective of an investor or entrepreneur, this new generation of reports seeks to identify untapped private investment opportunities and the barriers that stand in the way (earlier reports can be found here) . The sector opportunities are chosen based  \non their potential to spur private investment, create jobs, generate domestic revenue, and foster sustainable, inclusive growth, in response to targeted policy action. The report aims to help country policymakers prioritize the most impactful actions that can boost private sector growth, while delivering on broader development goals.  \nThe CPSD is one of the World Bank Group’s core country diagnostics produced to guide the design and implementation of public and private investment projects, budget support operations, advisory services, and other analytical work. It is intended to be of interest to domestic and foreign business investors, government officials, World Bank Group staff and management, civil society, and other development partners.  \nNigeria:  \nCountry Private Sector Diagnostic  \nEXECUTIVE SUMMARY  \nMAY 2025  \nAcknowledgments  \nThe Nigeria Country Private Sector Diagnostic was prepared by staff from across the World Bank Group. The core team was co-led by Denny Lewis-Bynoe and Karim Ouled Belayachi, and included Chishamiso Mawoyo, Nadege Desiree Yameogo, Dotun Seyingbo, Julio Flores, Mohammed Aliyu, Alicia Maude Stephens, Jessica Wade, Florian Moelders, and Issei Takahashi. The extended team included Manievel Sene, Chidozie Anyiro, Tomi Ajayi, Volker Treichel, Ida Mboob, Maryam Lawal, Natalija Gelvanovska-Garcia, Obinna Chidozie Isiadinso, Collins Obi, Arsh Sharma, Hadija Kamayo, Ivor Ishtuk, Olawunmi Adelusi, Fatou Fadika, Ashish Shrestha, Jacqueline Irving, Abiodun Aina, Hanning Bi, Jessica Stiefler, and Olumide Okunola.  \nAdama Badji, Chinazaepere Ndukwe, Tooni Akinola, Olayinka Sunday, Dumebi Okwuosah, and Mary Akerele provided able administrative and logistics support to the team.  \nThe report was conducted under the guidance and supervision of Jeffrey Chelsky, Maiko Miyake, Mehnaz S. Safavian, and Zeinab Partow and the guidance of directors Dahlia Khalifa, Ndiamé Diop, Paolo Mauro, Abebe Adugna, and Shubham Chaudhuri. The work was performed under the overall direction of Ousmane Diagana (Regional Vice President, Sub-Saharan Africa, IBRD), Susan Lund (Vice President, Economics and Private Sector Development, IFC), and Sergio Pimenta (Regional Vice President, Africa, IFC) .  \nPeer reviewers at different stages in the preparation of the report were Miguel Angel Saldarriaga Noel, Feyi Boroffice, Ifeoma Ezeokafor, and Raha Shahidsaless.  \nTechnical consulting services were provided by Teleola Kola-Edun, Harshit Gupta, William Burnfield, Olusola Teniola, Abubakar Maina, Usman Aliyu Mahmud, Sean Lothrop, Chris Greacen, Leigh Vial, Ifunanya Genevieve, Emeka Okpukpara","cbCaivq5VnwVINCW","https://ap.wps.com/l/cbCaivq5VnwVINCW","pdf",1694442,2,1,21,"English","en",105,"# About the Country Private Sector Diagnostic\n# Executive Summary\n## Nigeria’s growth potential and constraints","[{\"question\":\"What is the purpose of the Country Private Sector Diagnostic for Nigeria?\",\"answer\":\"It seeks to unlock private-sector-led growth and investment by analyzing the business environment and identifying sector opportunities where private investment could accelerate growth.\"},{\"question\":\"What factors support Nigeria’s potential for economic growth?\",\"answer\":\"Nigeria’s large and growing population, ECOWAS-linked trade ties, rich agricultural and mineral resources, and a young entrepreneurial workforce positioned for digital entrepreneurship.\"},{\"question\":\"What structural challenges does Nigeria need to overcome?\",\"answer\":\"Heavy reliance on oil and gas exposes Nigeria to commodity price fluctuations, and significant fiscal constraints—including limited tax-to-GDP performance—restrict resources for development and business expansion.\"}]","Nigeria - Country Private Sector Diagnostic - Executive Summary - May 2025 | PDF",1784480954,53,{"code":4,"msg":32,"data":33},"ok",{"site_id":25,"language":24,"slug":34,"title":13,"keywords":35,"description":14,"schema_data":36,"social_meta":87,"head_meta":89,"extra_data":91,"updated_unix":29},"nigeria-country-private-sector-diagnostic-executive-summary-may-2025","",{"@graph":37,"@context":86},[38,54,69],{"@type":39,"itemListElement":40},"BreadcrumbList",[41,45,48,51],{"item":42,"name":43,"@type":44,"position":21},"https://docshare.wps.com","Home","ListItem",{"item":46,"name":47,"@type":44,"position":20},"https://docshare.wps.com/document/","Document",{"item":49,"name":12,"@type":44,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":44,"position":53},"https://docshare.wps.com/document/nigeria-country-private-sector-diagnostic-executive-summary-may-2025/109542/",4,{"url":52,"name":13,"@type":55,"author":56,"headline":13,"publisher":58,"fileFormat":61,"inLanguage":24,"description":14,"dateModified":62,"datePublished":63,"encodingFormat":61,"isAccessibleForFree":64,"interactionStatistic":65},"DigitalDocument",{"name":9,"@type":57},"Person",{"url":42,"name":59,"@type":60},"DocShare","Organization","application/pdf","2026-07-30","2026-07-19",true,{"@type":66,"interactionType":67,"userInteractionCount":20},"InteractionCounter",{"@type":68},"ViewAction",{"@type":70,"mainEntity":71},"FAQPage",[72,78,82],{"name":73,"@type":74,"acceptedAnswer":75},"What is the purpose of the Country Private Sector Diagnostic for Nigeria?","Question",{"text":76,"@type":77},"It seeks to unlock private-sector-led growth and investment by analyzing the business environment and identifying sector opportunities where private investment could accelerate growth.","Answer",{"name":79,"@type":74,"acceptedAnswer":80},"What factors support Nigeria’s potential for economic growth?",{"text":81,"@type":77},"Nigeria’s large and growing population, ECOWAS-linked trade ties, rich agricultural and mineral resources, and a young entrepreneurial workforce positioned for digital entrepreneurship.",{"name":83,"@type":74,"acceptedAnswer":84},"What structural challenges does Nigeria need to overcome?",{"text":85,"@type":77},"Heavy reliance on oil and gas exposes Nigeria to commodity price fluctuations, and significant fiscal constraints—including limited tax-to-GDP performance—restrict resources for development and business expansion.","https://schema.org",{"og:url":52,"og:type":88,"og:title":13,"og:site_name":59,"og:description":14},"article",{"robots":90,"canonical":52},"index,follow",{"doc_id":7,"site_id":25},{"code":4,"msg":5,"data":93},[94,98,102,106,111,116,121,124,129,132,136],{"id":21,"doc_module":4,"doc_module_name":47,"category_name":95,"show_sort_weight":96,"slug":97},"Story & Novel",90,"story-novel",{"id":20,"doc_module":4,"doc_module_name":47,"category_name":99,"show_sort_weight":100,"slug":101},"Literature",80,"literature",{"id":53,"doc_module":4,"doc_module_name":47,"category_name":103,"show_sort_weight":104,"slug":105},"Exam",70,"exam",{"id":107,"doc_module":4,"doc_module_name":47,"category_name":108,"show_sort_weight":109,"slug":110},5,"Comic",60,"comic",{"id":112,"doc_module":4,"doc_module_name":47,"category_name":113,"show_sort_weight":114,"slug":115},6,"Technology",50,"technology",{"id":117,"doc_module":4,"doc_module_name":47,"category_name":118,"show_sort_weight":119,"slug":120},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":47,"category_name":12,"show_sort_weight":122,"slug":123},30,"research-report",{"id":125,"doc_module":4,"doc_module_name":47,"category_name":126,"show_sort_weight":127,"slug":128},9,"Religion & Spirituality",20,"religion-spirituality",{"id":127,"doc_module":4,"doc_module_name":47,"category_name":130,"show_sort_weight":127,"slug":131},"World Cup","world-cup",{"id":133,"doc_module":4,"doc_module_name":47,"category_name":134,"show_sort_weight":133,"slug":135},10,"Lifestyle","lifestyle",{"id":137,"doc_module":4,"doc_module_name":47,"category_name":138,"show_sort_weight":107,"slug":139},19,"General","general"]