This web page presents information about the work of the IMF in Nigeria, including the activities of the IMF Resident Representative Office. Additional information can be found on the Nigeria and IMF country page, including IMF reports and Executive Board documents that deal with Nigeria.
At a Glance
- Current IMF membership: 189 countries
- Date of Nigeria's membership: March 30, 1961
- Special Drawing Rights (SDR): 1498.96 million
- Quota (SDR): 2454.5 million
- Latest Article IV consultation: April 3, 2019
Office Activities
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IMF Concludes 2019 Article IV Consultation
CNBC Africa interview with Mr. Amine Mati after the conclusion of the 2019 Article IV mission
May 9, 2019
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Breaking Down IMF’s Regional Economic Outlook for sub-Saharan Africa
CNBC Africa interview with Mr. Abebe Selassie after he presented the REO in Abuja
May 7, 2019
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IMF Clarification on Nigeria's Sovereign Wealth Funds
Mr Amine Mati, the IMF’s Senior Resident Representative and Mission Chief for Nigeria, would like to make the following statement clarifying recent media reports on IMF’s characterization of sovereign wealth funds in Nigeria.
April 12, 2019
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IMF Urges the Central Bank of Nigeria to Focus on Price Stability Mandate
CNBC Africa's interview with the resident representative
April 11, 2019
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Nigeria 2019 Article IV Consultation
Video from IMF Africa Facebook page
April 6, 2019
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IMF Asks Nigeria to Invest More in Infrastructure
Video
December 7, 2018
Nigeria and the IMF
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Transcript of the October 2019 Annual Meetings African Department Press Briefing
October 18, 2019
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October 17, 2019
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Transcript of the October 2019 Fiscal Monitor Press Briefing
October 16, 2019
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Fiscal Monitor Press Briefing Transcript
October 16, 2019
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Transcript of October 2019 Global Financial Stability Report Press Briefing
October 16, 2019
Regional Economic Outlook for Sub-Saharan Africa
October 18, 2019
Growth in sub-Saharan Africa is projected to remain at 3.2 percent in 2019 and rise to 3.6 percent in 2020. The expected recovery, however, is at a slower pace than previously envisaged for about two-thirds of the countries in the region, partly due to a challenging external environment. Growth is projected to remain strong in non-resource-intensive countries, averaging about 6 percent. As a result, 24 countries, home to about 500 million people, will see their per capita income rise faster than the rest of the world. In contrast, growth is expected to move in slow gear in resource-intensive countries (2½ percent). Hence, 21 countries are projected to have per capita growth lower than the world average. Reducing risks and promoting sustained and inclusive growth across all countries in the region requires carefully calibrating the near-term policy mix, building resilience, and raising medium-term growth.
Read the Report
Departmental Papers on Africa
