Nigeria: Background Papers and Statistical Appendix

January 2, 1996

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Nigeria: Background Papers and Statistical Appendix, (USA: International Monetary Fund, 1996) accessed January 7, 2025

Summary

This Background Paper and Statistical Appendix examines economic development in Nigeria in the first half of the 1990s. Economic growth slowed for the fourth consecutive year in 1994, to 1.3 percent from 2.3 percent in 1993. The slowdown was widespread, affecting every sector except agriculture. Output in the petroleum sector is estimated to have declined by 6 percent, mainly as a result of industrial actions by oil workers during July and August 1994. In the non-oil sectors, negative growth was recorded in both fishing and manufacturing activities.

Subject: Agricultural commodities, Banking, Commodities, Exports, Foreign exchange, Imports, International trade, Tariffs, Taxes

Keywords: Agricultural commodities, Clearance certificate, CR, Exports, Imports, ISCR, Nigeria, Petroleum profit tax, Posted price, Rate, Sub-Saharan Africa, Tariffs, Tax, Tax exemption, Tax payment

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/143
Stock No:

1NGAEA0011995
ISBN:

9781451828856
ISSN:

1934-7685

Notes

This background report and statistical appendix on Nigeria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Nigeria, or the Executive Board of the IMF.

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