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February 21, 2014
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Article IV Staff Reports

Financial Sector Assessment Program

Projected % Change
   2014  2015
Real GDP 7.1 7
Consumer Prices 7.3 7.0
Source: World Economic Outlook (April 2014)
Please refer to more recent PIN/Staff reports on this country for possible revisions.

Nigeria: Financial Position in the Fund

Transactions with the Fund


Africa Training Institute

IMF Resident Representative
Office in Nigeria

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Nigeria and the IMF
Updated April 22, 2014

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IMF Survey Online
January 16, 2014 -- Podcast : Tackling Youth Unemployment in Africa
Africa is one of the fastest growing regions in the world, but the persistence of youth unemployment threatens this progress. Some see this growth without jobs as a ticking time bomb. Lamido Sanusi, the Governor of the central bank of Nigeria explains how to tackle this issue.
April 20, 2013 -- IMF Survey : Africa Enjoying Dynamic Growth but Challenges Remain
African countries are focusing on improving their infrastructure and tackling unemployment to maintain their dynamic growth, said African finance ministers during the IMF-World Bank Spring Meetings in Washington.
October 25, 2012 -- IMF Survey: Africa's Big Economies Can Influence, Protect Their Neighbors
Nigeria and South Africa account for one-half of sub-Saharan Africa’s GDP, and are potentially major drivers of growth for the region as a whole. In an interview, senior economist Cheikh Gueye examines Nigeria’s and South Africa’s economic linkages with the rest of the region.
October 12, 2012 -- IMF Survey: Sub-Saharan Africa Maintains Growth in an Uncertain World
Sub-Saharan Africa remains relatively insulated from the negative factors pulling down growth in advanced countries, but countries with closer trade links to Europe are experiencing some softening in exports, the IMF says in the main chapter of its Regional Economic Outlook for the region.
May 16, 2012 -- IMF Survey: Africa Must Diversify to Create More Jobs, Says Okonjo-Iweala
African countries should rebuild their fiscal buffers and diversify their economies away from commodities in order to protect themselves from another possible global downturn, says Nigerian Finance Minister Ngozi Okonjo-Iweala. She adds that Africa should not be in the business of importing food.
March 14, 2012 -- IMF Survey: High Oil Prices, Reform Agenda Improve Nigeria's Prospects
Booming oil prices and an ambitious reform agenda have placed Nigeria well to ride the worst effects of the global economic downturn. But, the IMF says in its regular assessment of the west African nation’s economy, there is room for the authorities to further strengthen management of the economy and reach development goals
December 22, 2011 -- IMF Survey: IMF Chief in Africa Spotlights Jobs, Investment
Problems in the advanced economies might seem a world away from Africa, but in today’s interconnected global economy no country and no region is immune to risks, IMF chief Christine Lagarde says in Lagos, Nigeria during her first trip to Africa as head of the IMF.
December 14, 2011 -- IMF Survey: Africa Enjoying Newfound Optimism
In the latest issue of the IMF’s quarterly magazine, Finance & Development, articles by a range of African experts confirm the upbeat outlook for the continent and, while acknowledging continued and deep-rooted poverty, spell out what Africa needs to do to further spur opportunities for growth.
March 18, 2009 -- IMF Survey: Reducing Uncertainty
When uncertainty reigns and the economic environment is highly complex, the result is often extreme caution on the part of investors, consumers and firms. This behavior, in turn, feeds the crisis. To get the economy going again, we must reduce uncertainty, writes Tayo Fagbule.