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Document of

The World Bank Group

FOR OFFICIAL USE ONLY

Report No. 104616

INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT

INTERNATIONAL DEVELOPMENT ASSOCIATION

INTERNATIONAL FINANCE CORPORATION

AND

MULTILATERAL INVESTMENT GUARANTEE AGENCY

PERFORMANCE AND LEARNING REVIEW

OF THE COUNTRY PARTNERSHIP STRATEGY

FOR

THE FEDERAL REPUBLIC OF NIGERIA

FOR THE PERIOD FY14-FY17

August 24, 2016

Nigeria Country Management Unit, AFCW2

International Finance Corporation

Multilateral Investment Guarantee Agency


This document has a restricted distribution and may be used by recipients only in the performance of their official duties. Its contents may not otherwise be disclosed without World Bank Group authorization.


The date of the last Country Partnership Strategy was April 24, 2014

CURRENCY EQUIVALENTS

Exchange Rate Effective as of July 31, 2016

SDR1 = US$1.39

US$1 = Naira319



GOVERNMENT FISCAL YEAR

January 1 – December 31



ABBREVIATIONS AND ACRONYMS

AF

Additional Financing

AFD

French Development Agency (Agence Française de Développement)

AfDB

African Development Bank

ASA

AT and C


CA

CADP


CBN

Advisory Services and Analytics

Aggregate Technical and Commercial

Current Account

Commercial Agriculture Development Project

Central Bank of Nigeria


CIT

Corporate Income Tax

CPF

CPS


CRR

Country Partnership Framework

Country Partnership Strategy

Cash Reserve Requirement


DFP

Development Finance Project

DBN

Development Bank of Nigeria

DFID

Department for International Development

DISCO

Distribution Companies

DPF

DPO


Development Policy Financing

Development Policy Operation



EU

European Union

FCMB

First City Monument Bank

FMOF

Federal Ministry of Finance

FY

Fiscal Year

GDP

Gross Domestic Product

GHG

Greenhouse Gas

GHS

General Household Survey

GoN

Government of Nigeria

HA

Hectare

HRP

Humanitarian Response Plan

IBRD

International Bank for Reconstruction and Development

ICR

Implementation Completion Report

IDA

IDP


IFC

International Development Association

Internally Displaced Person

International Finance Corporation


IMF

International Monetary Fund

INDC

IOM


IPP

ISR


Intended Nationally Determined Contribution

International Organization for Migration

Independent Power Producers

Implementation Status Report



KM

Kilometer

LGA

Local Government Area

LQAS

Lot Quality Assurance Sampling Surveys

LTR

Liter

MFI

Microfinance Institutions

MIGA

Multilateral Investment Guarantee Agency

MPR

Monetary Policy Rate

MSMEs

Medium, Small and Micro Enterprises

MVA

Mega Volt Amp

NE

North East

NEWMAP

Nigeria Erosion and Watershed Management Project

NMRC

National Mortgage Refinancing Company

NNPC

Nigeria National Petroleum Company

NPL

NW

PFM



Non-Performing Loan

North West

Public Finance Management


PLR

Performance and Learning Review

RAMP

Rural Access and Mobility Project

RPBA

Recovery and Peace Building Assessment

SCD

SCPZ


SEEFOR

SEPIP


SME

SOEs


Systematic Country Diagnostic

Staple Crop Processing Zone

State Employment and Expenditure for Result

State Education Program Investment Project

Small and Medium Enterprises

State Owned Enterprises



The Bank

TSA


UN

VAT


WAAPP

WASH


World Bank

Treasury Single Account

United Nations

Value-Added Tax

West Africa Agriculture Productivity Project

Water, Sanitation, and Hygiene



WBG

World Bank Group






World Bank

IFC

MIGA

Vice President:

Makhtar Diop

Snezana Stoiljkovic

Karin Finkelston

Country Director:

Rachid Benmessaoud

Vera Songwe

Dan Biller (Co-Acting)

Yasser Ibrahim (Co-Acting)



Task Team Leader:

Indira Konjhodzic

Eme Essien

Stephan Dreyhaupt

THE FEDERAL REPUBLIC OF NIGERIA

PERFORMANCE AND LEARNING REVIEW


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