Nigeria : 2016 Article IV Consultation- Press Release; Staff Report; and Statement by the Executive Director for Nigeria

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

April 8, 2016

Electronic Access:

Free Full text (PDF file size is 1868 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses outlook and risk for Nigeria. Its economy has been hit hard by global developments that have aggravated longstanding development weaknesses. Macrofinancial outcomes are closely linked with the price of oil. Policy uncertainty has amplified the impact of global developments. The large permanent terms-of-trade shock requires a significant macroeconomic adjustment. It is important to initiate urgently an integrated package of policies centered on a fundamental change in the nature of government; reducing external imbalances (including real exchange rate realignment); further safeguarding the resilience and improving the efficiency of the banking sector; and implementing structural reforms for inclusive growth.

Series:

Country Report No. 16/101

Subject:

English

Publication Date:

April 8, 2016

ISBN/ISSN:

9781484320037/1934-7685

Stock No:

1NGAEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

88

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