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.

Nigeria and the IMF — Highlights

Impact of High Food and Fuel Prices on Developing Countries

Frequently Asked Questions

The Food Emergency

Soaring food costs have moved to the top of the international community's policy agenda in recent weeks, including at the IMF and World Bank.

IMF Closely Involved in Drive to Relieve Global Food Crisis

The IMF is concerned about the impact of price increases for food and fuel, especially on the poor, and is monitoring closely the current commodity price boom.

IMF Executive Board Concludes 2007 Article IV Consultation with Nigeria

On February 13, 2008, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Nigeria.

News

Regional Economic Outlook for Sub-Saharan Africa

The region's prospects continue to be promising, but global developments pose increased risks to the outlook. Growth in sub-Saharan Africa should again average about 6½ percent in 2008 with oil exporters leading the way; meanwhile, growth in oil importers is expected to taper off, though only modestly. With food and energy prices still rising, inflation is projected to average about 8½ percent this year for countries in the region, setting aside Zimbabwe. Risks in 2008 are tilted to the downside, but the region is better placed today to withstand a worsening of the global environment.

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