Informal Financial Sector and Sustainable Development in Nigeria PDF Download

Author:
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 478

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Author: Franziska Ohnsorge
Publisher: World Bank Publications
ISBN: 1464817545
Category : Business & Economics
Languages : en
Pages : 397

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Book Description
A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Author: Asli Demirguc-Kunt
Publisher: World Bank Publications
ISBN: 1464812683
Category : Business & Economics
Languages : en
Pages : 228

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In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Author: International Monetary Fund. African Dept.
Publisher: International Monetary Fund
ISBN: 1484304446
Category : Business & Economics
Languages : en
Pages : 132

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This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system. Although Nigerian economy experienced both domestic and external shocks in recent years, the economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009. The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place. However, the regulatory and supervisory framework has gaps and weaknesses. In sum, the Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth.

Author: International Monetary Fund
Publisher: International Monetary Fund
ISBN: 161635156X
Category : Business & Economics
Languages : en
Pages : 230

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Book Description
The global financial crisis of recent years and the associated large fiscal deficits and debt levels that have impacted many countries underscores the importance of reliable and timely government statistics and, more broadly, public sector debt as a critical element in countries fiscal and external sustainability. Public Sector Debt Statistics is the first international guide of its kind, and its primary objectives are to improve the quality and timeliness of key debt statistics and promote a convergence of recording practices to foster international comparability and as a reference for national compilers and users for compiling and disseminating these data. Like other statistical guides published by the IMF, this one was prepared in consultation with countries and international agencies, including the nine organizations of the Inter-Agency Task Force on Finance Statistics (TFFS). The guide's preparation was based on the broad range of experience of our institutions and benefitted from consultation with national compilers of government finance and public sector debt statistics. The guide's concepts are harmonized with those of the System of National Accounts (2008) and the Balance of Payments and International Investment Position Manual, Sixth Edition.

Author: Yuwei Chen, Ekanem, Ekanem Asukwo (Ph.D), Y. Bila, Topbie, Joseph Akeerebari, Elias Phiri, Balogun, Michael Adelakun
Publisher: Cari Journals USA LLC
ISBN: 9914999727
Category : Business & Economics
Languages : en
Pages : 118

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TOPICS IN THE BOOK Contribution Of National Image, Business Climate And Technology Transfer To FDI Among Sub- Saharan African Nations Seme Border Closure And Nigeria’s Trading Partners In Africa Informal Economy Sector As A Catalyst For Nigerian Economy Development And Sustainability: A Review Petroleum Resource And Economic Welfare Of Five Selected Lower- Middle Income Of Oil Producing Countries Time Series Analysis And Structural Break Detections Analyzing Price Transmission In The Nigerian Cattle Market

Author: Nicholas Mbaya Odhiambo
Publisher: Taylor & Francis
ISBN: 1000893243
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
Although a number of selected African countries have made efforts to implement various financial sector reforms, many countries have not fully implemented the requisite reforms required for sustainable development. Instead, they have focused mainly on bank-based financial reforms, thereby neglecting market-based financial reforms. This study provides a one-stop shop for understanding the history and evolution of the financial sector in Africa with a special focus on the sub-Saharan region where the financial system in many countries is still at a relatively nascent stage. The analysis is extensive and robust, and starts from financial repression to financial liberalisation (both internal and external), and its role in sustainable development and poverty alleviation. The book covers a range of important research issues pertaining to financial development in selectede African countries, including interest rate and exchange rate reforms, the dynamics of bank-based and market-based financial development; the role of the informal financial sector in sustainable development; the finance-growth nexus; bank-based versus market-based financial sectors in Africa; financial development and information and communication technology; and financial development and gender equality, among other topics. The book also considers the relationship between the COVID-19 global pandemic and financial development, and concludes by presenting a forecast of the future trends of financial and sustainable development on the African continent in general and sub-Saharfan Africa in particular. The chapters are authored by prominent scholars and researchers in the field of finance and banking, applied econometrics and development economics, with a deep understanding and knowledge of financial development and the local situations in African countries. This book provides crucial reference material for academics, researchers, policymakers and students of all levels and is a must-read for anyone wishing to understand the nature of finance and sustainable development in Africa in relation to the rest of the world. It covers African countries, but with more emphasis on the sub-Saharan African region where the financial systems in many of the countries are still relatively underdeveloped.

Author: Monica Violeta Achim
Publisher: Springer Nature
ISBN: 3031340825
Category :
Languages : en
Pages : 406

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Author: Taiwo Olubusoye Soetan
Publisher: Springer Nature
ISBN: 3031623401
Category : Banks and banking
Languages : en
Pages : 357

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Book Description
This book presents a holistic picture of Nigeria's financial services landscape. This includes identifying service providers and regulatory bodies, understanding consumer behaviour, and examining the unique challenges faced by Nigerian financial institutions. The book presents up-to-date research on recent developments and regulatory changes within Nigeria's financial sector, as well as future considerations for how financial services and financial inclusion can play a crucial role in the country's sustainable economic growth. Combining academic analysis with practical insights, the book takes readers through Nigeria's key financial services providers, regulators, consumers, marketing strategies and challenges. A core focus throughout is on financial inclusion and the opportunities associated with reaching financially underserved or excluded populations, demonstrating how increasing financial access at a country-wide level aligns with global goals of reducing inequalities and promoting growth. It will have interdisciplinary appeal to scholars, students and professionals working in finance, economics, business, public policy and development studies.

Author: Gilad James, PhD
Publisher: Gilad James Mystery School
ISBN: 879339151X
Category : History
Languages : en
Pages : 107

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Book Description
Nigeria is a country located in West Africa and is known for its rich cultural heritage and diversity. With a population of over 200 million people, it is the most populous country in Africa and the seventh most populous country in the world. The country is divided into 36 states and one Federal Capital Territory, with Abuja being the capital city. Nigeria has a highly diversified economy with a mix of agriculture, industry, and natural resources. It is the largest producer and exporter of crude oil in Africa and has the ninth-largest natural gas reserves in the world. The country also has a vibrant music and film industry known as Nollywood that is popular across the continent. However, Nigeria has faced a number of challenges including poverty, corruption, terrorism, and ethnic/religious tensions. Since gaining independence from Britain in 1960, Nigeria has experienced several military coups and a civil war. Nigeria's political system is currently based on a federal republic with a presidential system of government. The country is also a member of the African Union, Commonwealth of Nations, and the United Nations. With its diverse population and rich resources, Nigeria remains an important player in African politics and a key country in global affairs.