Nigeria: Third Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

July 31, 2007

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Format: Chicago

Nigeria: Third Review Under the Policy Support Instrument: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Nigeria, (USA: International Monetary Fund, 2007) accessed November 23, 2024

Summary

This paper examines Nigeria’s Third Review Under the Policy Support Instrument. Robust growth, lower inflation, a dramatic decline in debt, and an accumulation of significant reserves are among the notable economic achievements. It will be important to consolidate and institutionalize these gains as the foundations for sustained and improved economic performance. Non-oil growth accelerated and its prospects are promising. Inflation remained in line with the single-digit program target owing to a likely increase in confidence and money demand.

Subject: Commodities, Fiscal policy, Fiscal stance, Monetary base, Money, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Broad money growth, CR, Fiscal stance, Gas and mining taxes, Government, Growth potential, ISCR, Monetary base, Nigerian authorities, Oil, Oil prices, PSI-supported program, State administration, VAT act, West Africa

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2007/263
Stock No:

1NGAEA2007002
ISBN:

9781451829020
ISSN:

1934-7685

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