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: 185 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 13, 2008
- Policy Support Instrument: Approved 16 October, 2005; Expired 15 October 2007; four reviews completed
- Technical Assistance: 10 missions in 2007; 3 resident advisors in post May 2008
Nigeria and the IMF — Highlights
Impact of High Food and Fuel Prices on Developing Countries
The Food Emergency
IMF Closely Involved in Drive to Relieve Global Food Crisis
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
Selected Issues
February 14, 2008
Transcript of IMF staff conference call with ActionAid to discuss the Policy Support Instrument (PSI)
November 27, 2007
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.


