Nigeria : Staff Report for the 2011 Article IV Consultation

Publication Date: July 24, 2012
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Summary: The Nigerian economy remained strong, with a non-oil real GDP of 8.3 percent and an overall real GDP of 6.7 percent. A modest fiscal consolidation took place in 2011 as a response to the substantial monetary tightening by the Central Bank of Nigeria and moderation of food prices. Banks showed continued improvement in financial stability. Executive Directors commended the authorities for countercyclical policies. However, they emphasized the need for policies that safeguard macroeconomic stability and ensure inclusive growth.
Series: Country Report No. 12/194
Frequency: Quarterly
Subject(s): Article IV consultations | Debt sustainability analysis | Economic conditions | Economic growth | Economic indicators | Economic reforms | Financial stability | Fiscal consolidation | Oil sector | Staff Reports

Publication Date: July 24, 2012
ISBN/ISSN: 9781475506679/1934-7685 Format: Paper
Stock No: 1NGAEA2012001 Pages: 80
US$18.00 (Academic Rate:
US$18.00 )
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