Nigeria: Staff Report for the 2014 Article IV Consultation

IMF Staff Country Reports, March 30, 2015

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Nigeria: Staff Report for the 2014 Article IV Consultation

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Bibliographic details

• Published: March 30, 2015
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484306307.002

Executive summary and key findings

• Inflation in Nigeria has remained in single digits for two years.
• The banking sector has a strong capital base and is expanding credit.
• The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports.
• Gross international reserves have been falling.
• The general government fiscal deficit and public debt have been kept low.
• The Executive Directors commended authorities for:
  • Progress in promoting Nigeria’s economic diversification.
  • Their macroeconomic response to collapsing export prices.

Subject areas and keywords

• Subject: Banking, Expenditure, External debt, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes
• Keywords: band vis-à-vis, bureau de change, CR, debt, exchange rate, gas and mining taxes, Global, ISCR, market reaction, naira-U.S. dollar exchange rate, Oil, oil price shock, Oil prices, Sub-Saharan Africa, U.S. dollar

Source: Nigeria: Staff Report for the 2014 Article IV Consultation (IMF Staff Country Report No. 2015/084, March 30, 2015).

Content in this bundle

• 1. Risk Assessment Matrix
  • 1. Risk Assessment Matrix (Markdown version)
  • 1. Risk Assessment Matrix (PDF)