Nigeria : 2012 Article IV Consultation

Publication Date: May 10, 2013
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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.
Series: Country Report No. 13/116
Subject(s): Article IV consultation reports | Economic growth | Fiscal policy | Government expenditures | Nonoil sector | Monetary policy | Reserves | Sovereign wealth funds | Millennium Development Goals | Economic indicators | Debt sustainability analysis | Staff Reports | Public information notices | Nigeria

Publication Date: May 10, 2013
ISBN/ISSN: 9781484311271/1934-7685 Format: Paper
Stock No: 1NGAEA2013001 Pages: 98
US$18.00 (Academic Rate:
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