Nigeria: Selected Issues

April 5, 2017

Preview Citation

Format: Chicago

Nigeria: Selected Issues, (USA: International Monetary Fund, 2017) accessed September 19, 2024

Summary

This Selected Issues paper examines the role of lower oil prices in the recent deterioration in Nigeria’s macroeconomic indicators, the impact on corporate and financial sector performance. and the forward-looking aspects of promoting job-intensive growth and strengthening state and local government finances. Although the slump in oil prices contributed to sluggish growth, the lack of foreign exchange weakened corporate performance, setting the stage for nonperforming loans. Structural reforms to improve the business environment can have a positive impact on growth, while fiscal reforms would help strengthen finances of subnational governments.

Subject: Business environment, Economic sectors, Expenditure, Financial institutions, Foreign exchange, Nonperforming loans, Oil, Oil prices, Prices

Keywords: Business environment, CR, Doing business indicator, FX availability, FX exchange rate, FX inflow, ISCR, Nigeria, Nonperforming loans, Oil export, Oil prices, Sub-Saharan Africa

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/081
Stock No:

1NGAEA2017002
ISBN:

9781475591910
ISSN:

1934-7685

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