Nigeria : Staff Report for the 2004 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

August 6, 2004

Electronic Access:

Free Full text (PDF file size is 1175 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2004 Article IV Consultation highlights that real GDP growth in Nigeria accelerated in 2003 on account of sharply higher oil and gas production and continued robust growth in the non-oil economy. Owing to favorable terms-of-trade developments, the external current account deficit narrowed sharply. This, however, masks rising non-oil import pressures and a widening non-oil external current account deficit. Macroeconomic conditions have improved considerably since late 2003, owing largely to fiscal prudence. The fiscal restraint that began in the last quarter of 2003 continued in the first half of 2004.

Series:

Country Report No. 04/239

Subject:

English

Publication Date:

August 6, 2004

ISBN/ISSN:

9781451828917/1934-7685

Stock No:

1NGAEA0012004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

111

Please address any questions about this title to publications@imf.org