Nigeria: Request for a Two-Year Policy Support Instrument

December 19, 2005

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Format: Chicago

Nigeria: Request for a Two-Year Policy Support Instrument, (USA: International Monetary Fund, 2005) accessed November 23, 2024

Summary

This paper presents Nigeria’s Request for a Two-Year Policy Support Instrument to support its reform efforts. All three tiers of government have adhered to a conservative oil price-based fiscal rule, resulting in large overall budget surpluses and a significant buildup of international reserves. The authorities have also initiated a broad structural reform program. GDP growth has been robust, benefiting from the improved macroeconomic environment and policy initiatives to spur agricultural production; and the medium-term growth outlook is favorable.

Subject: Commodities, Expenditure, Fiscal policy, Money, Taxes

Keywords: CBN bill, CR, Currencies, Draft budget, Fiscal stance, Gas and mining taxes, Global, Government, ISCR, Oil, Overdraft facility, Staff appraisal, Tariff reform

Publication Details

Pages:

73
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/432
Stock No:

1NGAEA2005004
ISBN:

9781451828986
ISSN:

1934-7685

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