Nigeria: Selected Issues

April 8, 2016

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Format: Chicago

Nigeria: Selected Issues, (USA: International Monetary Fund, 2016) accessed December 23, 2024

Summary

This paper discusses a few selected issues of the Nigerian economy—options and strategies for a fiscal rule for oil wealth management, enhancing the effectiveness of monetary policy, and recent developments and prospects of capital flow. Despite its diversified economy, Nigeria’s fiscal policy is heavily dependent on the oil sector. This paper explores options for a formalized rule-based approach to setting a “depoliticized” budget oil price. Two boom-and-bust episodes since early 2000 have highlighted the challenges in the current monetary policy framework. Nigeria has also been characterized by sizable capital outflows, which have diminished recently.

Subject: Balance of payments, Capital flows, Capital inflows, Corporate sector, Economic sectors, Fiscal governance, Fiscal policy, Oil prices, Prices

Keywords: Capital flows, Capital inflows, Containment rule, Corporate sector, CR, Enterprise survey, Firm, Firm Size, Fiscal governance, Global, ISCR, Large firm, Monetary policy, Nigeria, Oil prices, Price, Price rule

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/102
Stock No:

1NGAEA2016002
ISBN:

9781475550559
ISSN:

1934-7685

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