The last Article IV Executive Board Consultation was on January 27, 2021. Listed below are items related to Nigeria.

Country News

A street scene in Nigeria’s capital city Lagos. The country is being encouraged to take exchange rate reforms and mobilize more revenue to strengthen its recovery from the pandemic. (photo: IMF Photo/Ebun Akinbo)

A street scene in Nigeria’s capital city Lagos. The country is being encouraged to take exchange rate reforms and mobilize more revenue to strengthen its recovery from the pandemic. (photo: IMF Photo/Ebun Akinbo)

Five Questions About Nigeria’s Road to Recovery

The COVID-19 pandemic has placed Nigeria at a critical juncture. The country entered the crisis with falling per capita income, high inflation, and governance challenges.

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At a Glance

  • 2021 Projected Real GDP (% Change) : 2.5*
  • Country Population: 206.140 million
  • Date of Membership: March 30, 1961
  • Article IV/Country Report: February 8, 2021
  • Outstanding Purchases and Loans (SDR): 2454.5 million (June 30, 2021)
  • Special Drawing Rights (SDR): 1459.87 million
  • Quota (SDR): 2454.5 million
  • Number of Arrangements since membership: 5

*GDP Data from July 2021 World Economic Outlook Update

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