Nigeria: 2004 Semi-Annual Staff Report Under Intensified Surveillance

February 8, 2005

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Format: Chicago

Nigeria: 2004 Semi-Annual Staff Report Under Intensified Surveillance, (USA: International Monetary Fund, 2005) accessed September 18, 2024

Summary

This paper reviews the 2004 Semiannual IMF Staff Report Under Intensified Surveillance for Nigeria. Overall economic performance in the first half of 2004 was commendable. The implementation of sound macroeconomic policies, underpinned by a conservative reference oil price and savings of the oil revenue windfall, has helped stabilize the economy. Fiscal prudence along with a tight monetary policy has contributed to a buildup of international reserves. Although the outlook for the remainder of 2004 is promising, the government faces the immediate challenge of persuading all states to continue to save the oil revenue windfall.

Subject: Commodities, Currencies, Expenditure, Fiscal policy, Fiscal stance, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: Balance sheet, Broad money, Capital budget, Cash basis, Central bank, CR, Debt service, Equity share, Exchange rate, Fiscal stance, Gas and mining taxes, Global, Government, Government operation, ISCR, Oil, Oil prices, Private sector, Program projection, Program target

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/037
Stock No:

1NGAEA2005001
ISBN:

9781451828955
ISSN:

1934-7685

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