{
  "title": "Nigeria: Financial Sector Stability Assessment",
  "publication": "IMF Staff Country Reports, May 28, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-financial-sector-stability-assessment-40576",
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  "summary": "This Financial Sector Stability Assessment on Nigeria discusses the macroeconomic performance and structure of the financial system.",
  "publishDate": "2013-05-28",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview and Main Findings",
      "content": "- Discusses the macroeconomic performance and structure of the financial system in Nigeria.\n- Nigerian economy experienced both domestic and external shocks in recent years.\n- The economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009.\n- The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place.\n- The regulatory and supervisory framework has gaps and weaknesses.\n- Conclusion: The Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth."
    },
    {
      "heading": "Subjects and Keywords (as provided)",
      "content": "- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Crisis management, Financial crises, Financial institutions, Financial services, Legal support in revenue administration, Revenue administration\n- Keywords: AMCON bond, Anti-money laundering and combating the financing of terrorism (AML/CFT), bank consolidation, bank license regime, bank liquidation regime, bank supervisor, banking system, Commercial banks, CR, credit line, Crisis management, Global, intervened bank, ISCR, Legal support in revenue administration, set-up bridge bank, West Africa"
    },
    {
      "heading": "Key Analytical Points (implicit in summary)",
      "content": "- Rapid GDP growth: more than 7 percent growth each year since 2009.\n- Financial sector recovery: improvement in financial institutions' performance, but emergency anti-crisis measures remain.\n- Regulatory/supervisory concerns: identifiable gaps and weaknesses that pose risks to sustained stability.\n- Growth potential: post-crisis position suggests potential for an extended period of strong economic growth, contingent on addressing regulatory and supervisory deficiencies.\n\nInternational Monetary Fund. African Dept. \"Nigeria: Financial Sector Stability Assessment\", IMF Staff Country Reports 2013, 140 (2013).\n\n---\n\n Content in this bundle\n\n- Nigeria: Financial Sector Stability Assessment; IMF Country Report 13/140; January 22, 2013\n  - Nigeria: Financial Sector Stability Assessment; IMF Country Report 13/140; January 22, 2013 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-financial-sector-stability-assessment-40576"
    }
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    "Published: May 28, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484304440.002",
    "Discusses the macroeconomic performance and structure of the financial system in Nigeria.",
    "Nigerian economy experienced both domestic and external shocks in recent years.",
    "The economy continued to grow rapidly, achieving more than 7 percent growth each year since 2009.",
    "The performance of financial institutions has begun to improve, though some of the emergency anti-crisis measures continue to be in place.",
    "The regulatory and supervisory framework has gaps and weaknesses.",
    "Conclusion: The Nigerian economy has emerged from the banking crisis, and has the potential to enjoy an extended period of strong economic growth.",
    "Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT), Banking, Commercial banks, Crime, Crisis management, Financial crises, Financial institutions, Financial services, Legal support in revenue administration, Revenue administration",
    "Keywords: AMCON bond, Anti-money laundering and combating the financing of terrorism (AML/CFT), bank consolidation, bank license regime, bank liquidation regime, bank supervisor, banking system, Commercial banks, CR, credit line, Crisis management, Global, intervened bank, ISCR, Legal support in revenue administration, set-up bridge bank, West Africa",
    "Rapid GDP growth: more than 7 percent growth each year since 2009.",
    "Financial sector recovery: improvement in financial institutions' performance, but emergency anti-crisis measures remain.",
    "Regulatory/supervisory concerns: identifiable gaps and weaknesses that pose risks to sustained stability.",
    "Growth potential: post-crisis position suggests potential for an extended period of strong economic growth, contingent on addressing regulatory and supervisory deficiencies.",
    "**Nigeria: Financial Sector Stability Assessment; IMF Country Report 13/140; January 22, 2013**"
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