Wednesday, July 19, 2017 11.49AM / PwC Nigeria
Between 2007 and 2016, Nigeria's investment share of GDP declined from 18.7% to 12.6%, reaching the lowest level in the past two decades. Our recent economic paper, Boosting Investments: Nigeria's path to growth, estimates the size of investment needed to drive growth.
Growth in Nigeria has been relatively strong at an average of 5.6% per annum over the past decade. However, this has been fuelled by the oil boom and population expansion, rather than investments.
To reach its conclusions, the paper conducted an extensive review of economic literature, and analysed a panel data of 13 emerging economies between 1991 and 2016. The analysis revealed that investment is the most fundamental driver of growth.
Furthermore, the paper concludes that Nigeria requires at least an investment of 20% of GDP per annum, which is far above the investment level of 12.6% of GDP in 2017.
For further details: Contact Adedayo Akinbiyi E-mail: email@example.com
1. Government Policy And Labor Productivity
2. Morocco – Continued Fiscal Discipline under New Government
3. Fiscal Vulnerability Index for Nigeria
4. FG Dialogues With Critical Stakeholders on ERGP Implementation Roadmap
5. Implications of Nigeria's Draft Petroleum Fiscal Policy
6. Fiscal, Monetary and Economic Policy and The Impact on Capital Formation
7. Ahead of MPC Meeting Today, CBN and Fiscal Authorities Met in Abuja Over The Weekend
8. 2017 Tax & Fiscal Policy Prospects
9. 2016 Fiscal Policy Measures - How Changes in Tariffs Affect You
10. Of Reforms, Revolutions and the Ministry of Trade & Investment: Amendment of CAMA
11. Nigeria grants TSA EXEMPTION to NNPC, PHCN, BOI and 10 other MDAs
12. Calm to return after TSA scramble
13. FG's Silent On Economic Reforms, Growth Puts pressure On Stock Market.
14. Govt to reap N4.5tr from oil sector reforms
15. FG Considers Radical Banking Reforms