{
  "title": "Nigeria: First Review Under the Policy Support Instrument",
  "publication": "IMF Staff Country Reports, May 18, 2006",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-first-review-under-the-policy-support-instrument-19252",
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  "summary": "This First Review Under the Policy Support Instrument (PSI) for Nigeria reports that structural reforms are proceeding in line with the National Economic Empowerment and Development Strategy.",
  "publishDate": "2006-05-18",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and program objectives",
      "content": "- Structural reforms are proceeding in line with the National Economic Empowerment and Development Strategy.\n- The authorities’ commitments under the PSI primary objectives of the economic reform program include:\n  - entrenching macroeconomic stability\n  - strengthening public financial management\n  - reducing the costs of doing business"
    },
    {
      "heading": "Central Bank of Nigeria (CBN) policy action",
      "content": "- The Central Bank of Nigeria has developed plans to:\n  - invest some of its international reserves in higher yield financial assets\n  - allow domestic banks to bid to be custodians for the investments"
    },
    {
      "heading": "Thematic focus areas reported",
      "content": "- Commodities\n- Expenditure\n- Oil\n- Oil, gas and mining taxes\n- Public financial management (PFM)\n- Tariffs\n- Taxes"
    },
    {
      "heading": "Keywords and analytical focus",
      "content": "- CR\n- crude oil oil production\n- gas and mining taxes\n- Global\n- ISCR\n- monetary policy\n- Oil\n- policy implementation\n- reform agenda\n- sector GDP growth\n- staff appraisal\n- Tariffs\n\nSource: International Monetary Fund — Nigeria: First Review Under the Policy Support Instrument (May 18, 2006).\n\n---\n\n Content in this bundle\n\n- Cr06180 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-first-review-under-the-policy-support-instrument-19252"
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    "Published: May 18, 2006",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451829013.002",
    "Structural reforms are proceeding in line with the National Economic Empowerment and Development Strategy.",
    "The authorities’ commitments under the PSI primary objectives of the economic reform program include:",
    "The Central Bank of Nigeria has developed plans to:",
    "Commodities",
    "Expenditure",
    "Oil",
    "Oil, gas and mining taxes",
    "Public financial management (PFM)",
    "Tariffs",
    "Taxes",
    "CR",
    "crude oil oil production",
    "gas and mining taxes",
    "Global",
    "ISCR",
    "monetary policy",
    "Oil",
    "policy implementation",
    "reform agenda",
    "sector GDP growth",
    "staff appraisal",
    "Tariffs",
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