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Abuja, Nigeria

Government District in front of the Aso Rock (Photograph by Bernd Noack)

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.

At a Glance : Nigeria's Relations with the IMF

  • Current IMF membership: 188 countries
  • Date of Nigeria's membership: March 30, 1961
  • Quota: SDR 1753.2 million (0.5 percent of total)
  • Outstanding loans: None
  • Latest Article IV consultation: February 11, 2011
  • Policy Support Instrument: Approved 16 October, 2005; Expired 15 October 2007; four reviews completed
  • Technical Assistance: 10 missions in 2007; 2 resident advisors in post September 2008

News — Highlights

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Press Release: IMF Representative Endorses CBN Intervention in Some Banks As Essential to Long Term Growth and Development, September 15, 2009

The following statement was issued today in Abuja by the IMF country chief and representative in Nigeria, David Nello click for more

IMF Survey: IMF Builds Statistical Capacity in Africa

The IMF is helping 22 sub-Saharan African countries improve the quality, coverage, and dissemination of key statistics. click for more

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

Charles N. O. Mordi; Research Department, Central Bank of Nigeria click for more

Point of View: Nigeria's Shot at Redemption

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. click for more

IMF Invites Comments on Review of Fund's Policy Support Instrument

The IMF is seeking public comments on its Policy Support Instrument, launched in 2005 to complement other Fund programs in providing policy support and signaling to its low-income members click for more

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Nigeria and the IMF

Nigeria: Financial Sector Stability Assessment

May 28, 2013
Series: Country Report No. 13/140 click for more

Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note on Stress Testing

May 28, 2013
Series: Country Report No. 13/141 click for more

Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note of Banking Cross-Border Issues

May 28, 2013
Series: Country Report No. 13/142 click for more

Nigeria: Publication of Financial Sector Assessment Program Documentation––Technical Note on Crisis Management and Crisis Preparedness Frameworks

May 28, 2013
Series: Country Report No. 13/143 click for more

Nigeria: Publication of Financial Sector Assessment Program Documentation––Detailed Assessment of Implementation of IOSCO Objectives and Principles of Securities Regulation

May 28, 2013
Series: Country Report No. 13/144 click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Growth remained strong in the region in 2012, with regional GDP rates increasing in most countries (excluding Nigeria and South Africa). Projections point to a moderate, broad-based acceleration in growth to around 5½ percent in 2013¬14, reflecting a gradually strengthening global economy and robust domestic demand. Investment in export-oriented sectors remains an important economic driver, and an agriculture rebound in drought-affected areas will also help growth. Uncertainties in the global economy are the main risk to the regionâ??s outlook, but plausible adverse shocks would likely not have a large effect on the regionâ??s overall performance. Click for more

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Resident Representative for Nigeria

W. Scott Rogers
Senior Resident Representative
9 Hon. Justice Mohammed Bello St.
Asokoro Abuja
Tel: (234 9) 782 25 06
Fax: (234 9) 314 03 83
E-mail: RR-NGA@imf.org