Turning the Corner: A New Compact between Nigeria's People and State

ADD THE MAGIC INGREDIENT FOR REFORM SUCCESS, JOBS, AND POVERTY REDUCTION: FASTER ECONOMIC GROWTH Address structural barriers to investment and growth Formulate and implement plans to improve power and transport infrastructure, public service delivery, security, and business environment. These are decisive factors to raise growth prospects. • Reduce trade restrictions: - - Review the import bans list and align the tariffs to the ECOWAS common external tariff Review tariffs to reduce costs of key inputs for producers Simplify and harmonize import and export procedures Address bottlenecks such as port logistics and congestion NIGERIA THE WORLD BANK IBRD ⚫IDA | WORLD BANK GROUP 26

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