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: 2014 Article IV Consultation-Staff Report; Press Release; and Statement by the Executive Director for Nigeria
March 30, 2015
Series: Country Report No. 15/84
March 30, 2015
Series: Country Report No. 15/85
Regional Economic Outlook for Sub-Saharan Africa
The October 2014 Regional Economic Outlook: Sub-Saharan Africa anticipates continued strong growth in much of Sub-Saharan Africa, driven by efforts to invest in infrastructure and by strong agricultural production. However, the current Ebola outbreak in Guinea, Liberia, and Sierra Leone is exacting a heavy toll, with spillovers to neighboring countries. In addition, external threats to the region's overall positive outlook include global financial conditions and a slowdown in emerging market growth. Other topics are building resilience in fragile states and addressing the infrastructure deficit.
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.