Nigeria: 2012 Article IV Consultation

May 10, 2013

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Nigeria: 2012 Article IV Consultation, (USA: International Monetary Fund, 2013) accessed September 20, 2024

Summary

The overarching policy challenge facing Nigeria is to reduce widespread poverty and unemployment. Macroeconomic performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The fiscal targets and the medium-term fiscal consolidation plan are consistent with supporting macroeconomic stability and creating fiscal space for much needed additional investment and social spending. Non-oil revenues need to be mobilized by moving quickly to improve tax administration in line with technical assistance (TA) recommendations. Planned structural reforms can substantially boost prospects for inclusive growth.

Subject: Energy subsidies, Expenditure, External debt, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: CR, Energy subsidies, Gas and mining taxes, Global, Government, Government action, Government committee, ISCR, Literacy rate, Nonagricultural employment, Oil, Oil prices, Price, Promote gender equality, Ratio of female, Real GDP

Publication Details

Pages:

98
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/116
Stock No:

1NGAEA2013001
ISBN:

9781484311271
ISSN:

1934-7685

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