Nigeria: Request for a Two-Year Policy Support Instrument : Nigeria: Request for a Two-Year Policy Support Instrument

Author/Editor:

International Monetary Fund

Publication Date:

December 19, 2005

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper presents Nigeria’s Request for a Two-Year Policy Support Instrument to support its reform efforts. All three tiers of government have adhered to a conservative oil price-based fiscal rule, resulting in large overall budget surpluses and a significant buildup of international reserves. The authorities have also initiated a broad structural reform program. GDP growth has been robust, benefiting from the improved macroeconomic environment and policy initiatives to spur agricultural production; and the medium-term growth outlook is favorable.

Series:

Country Report No. 05/432

Subject:

English

Publication Date:

December 19, 2005

ISBN/ISSN:

9781451828986/1934-7685

Stock No:

1NGAEA2005004

Format:

Paper

Pages:

73

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