## Nigeria: Poverty Reduction Strategy Paper: Progress Report

_IMF Staff Country Reports, August 3, 2007_

## Source details

**Canonical URL:** [Nigeria: Poverty Reduction Strategy Paper: Progress Report](https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-poverty-reduction-strategy-paper-progress-report-21246)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/nigeria-poverty-reduction-strategy-paper-progress-report-21246/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/nigeria-poverty-reduction-strategy-paper-progress-report-21246/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/nigeria-poverty-reduction-strategy-paper-progress-report-21246/bundle-manifest.json)

## Bibliographic details
- Published: August 3, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829037.002

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### Overview
- Publication date: August 3, 2007
- Focus: Progress report on the National Economic Empowerment and Development Strategy (NEEDS) for Nigeria.
- Scope: NEEDS 2004–07 as Nigeria’s reform-based medium-term plan for economic recovery, growth, and development.

### Major findings and analysis
- NEEDS 2004–07 is described as Nigeria’s reform based medium-term plan for economic recovery, growth, and development.
- Fiscal and monetary policies have been carefully managed in the implementation of NEEDS.
- A major budget reform introduced under NEEDS was the Oil Price Based Fiscal Rule and Medium Term Expenditure Framework (MFEF).
- The Oil Price Based Fiscal Rule and MFEF have enhanced macroeconomic stability by delinking government expenditure from the price of oil.

### Subject areas and keywords (as listed)
- Subject: Education, Environment, Financial statements, Health, Infrastructure, National accounts, Public financial management (PFM)
- Keywords: CR, Financial statements, Global, government, government divestment, inflation rate, Infrastructure, intervention programme, ISCR, nation, private sector, public sector dominance, state government, State Planning authorities, State SEEDS operator

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## Content in this bundle

- **Cr07270**
  - [Cr07270 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2007/_cr07270.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-poverty-reduction-strategy-paper-progress-report-21246_