Nigeria : Poverty Reduction Strategy Paper: Progress Report

Author/Editor:

International Monetary Fund

Publication Date:

August 3, 2007

Electronic Access:

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Summary:

This paper discusses the progress report on the National Economic Empowerment and Development Strategy (NEEDS) for Nigeria. The NEEDS 2004–07 is Nigeria’s reform based medium-term plan for economic recovery, growth, and development. Fiscal and monetary policies have been carefully managed in the implementation of NEEDS. A major budget reform introduced under NEEDS was the Oil Price Based Fiscal Rule and Medium Term Expenditure Framework (MFEF), which has enhanced macroeconomic stability by delinking government expenditure from the price of oil.

Series:

Country Report No. 07/270

Subject:

English

Publication Date:

August 3, 2007

ISBN/ISSN:

9781451829037/1934-7685

Stock No:

1NGAEA2007003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

37

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