Nigeria: 2007 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

February 14, 2008

Preview Citation

Format: Chicago

Nigeria: 2007 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria, (USA: International Monetary Fund, 2008) accessed December 23, 2024

Summary

The success of Nigeria’s reforms brings new policy challenges for preserving and building on the reform gains. The immediate challenge is to enshrine a fiscal institution that ensures that fiscal policy is consistent with macroeconomic stability. Nigeria’s integration into the global economy brings new challenges for ensuring financial stability. Monetary policy has strengthened. The balance of payments outlook is consistent with external stability. Non-oil sector growth can only be sustained with supportive macroeconomic policies and a resolution of the infrastructure gap.

Subject: Banking, Commercial banks, Commodities, Expenditure, Financial institutions, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Authority, Budget oil price, Commercial banks, CR, Debt obligation, Financing, Food price inflation, Gas and mining taxes, Global, ISCR, Mediation effort, Oil, Oil prices, Oil revenue disbursement, Price

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2008/064
Stock No:

1NGAEA2008001
ISBN:

9781451829068
ISSN:

1934-7685

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