Nigeria Resident Representative Site
Resident Representative Office in Nigeria
This web page presents information about the work of the IMF in Nigeria, including the activities of the IMF Resident Representative Office. Additional information can be found on the Nigeria and IMF country page, including IMF reports and Executive Board documents that deal with Nigeria.
News — Highlights
Press Release: IMF Representative Endorses CBN Intervention in Some Banks As Essential to Long Term Growth and Development, September 15, 2009
The Impact of the Global Financial Crisis on Sub-Saharan Africa—Outlook for the Nigerian Economy; Charles N. O. Mordi; Research Department; Central Bank of Nigeria; May 19, 2009
Nigeria squandered its oil windfall of the 1970s, which led to three decades of economic stagnation and the degradation of public institutions. The reason was a mix of bad fiscal and macroeconomic policy, corruption, and poor governance. Besides, not many countries (or even economists) at that time fully understood how difficult it is to manage oil windfalls.
Nigeria and the IMF
Nigeria: 2013 Article IV Consultation-Staff Report; Press Release and Statement by the Executive Director for Nigeria
April 22, 2014
Series: Country Report No. 14/103
January 16, 2014
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.
Regional Economic Outlook for Sub-Saharan Africa
The April 2014 Regional Economic Outlook: Sub-Saharan Africa anticipates a pickup in economic growth in 2014 but the region continues to face risks from both external and internal factors, among them slower growth in emerging markets which could impact both export demand and commodity prices. This report analyzes the possible impact of global forces on continued growth in sub-Saharan Africa and the policy actions that are needed to address these challenges. Chapters also discuss fostering a climate of inclusive growth and improving monetary policy frameworks in the region.
IMF Opens Africa Training Institute in Mauritius
The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.