Nigeria: Poverty Reduction Strategy Paper: Progress Report: Joint Staff Advisory Note

IMF Staff Country Reports, August 3, 2007

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Nigeria: Poverty Reduction Strategy Paper: Progress Report: Joint Staff Advisory Note

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Bibliographic details

• Published: August 3, 2007
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451829044.002

Summary and scope

• Discusses key findings of the annual progress report on implementing the National Economic Empowerment and Development Strategy (NEEDS)—Nigeria’s Poverty Reduction Strategy Paper.
• Progress report highlights key accomplishments, shortcomings, and outstanding issues.
• Publication date: August 3, 2007.
• Pages: 9
• Volume: 2007
• Issue: 271
• Series: Country Report No. 2007/271
• DOI: https://doi.org/10.5089/9781451829044.002
• Stock No: 1NGAEA2007004
• ISBN: 9781451829044
• ISSN: 1934-7685

Macroeconomic performance and drivers

• Key macroeconomic indicators improved during the last years, reflecting:
  • the authorities’ attention to macroeconomic management,
  • an improved policy framework,
  • a favorable external environment.
• Non-oil growth was robust.
• Despite unrest in the Niger Delta, oil production could fully fill the OPEC quota.

Fiscal framework and oil policy

• The budgetary oil price rule was an essential anchor of fiscal policy.

Implementation status, accomplishments, and shortcomings

• The progress report highlights:
  • key accomplishments (not enumerated in this summary text),
  • shortcomings (not enumerated in this summary text),
  • outstanding issues (not enumerated in this summary text).

Subject areas and keywords (as provided)

• Subject: Education, Health, Infrastructure, National accounts, Oil prices, Prices, Public financial management (PFM), Public sector
• Keywords: authorities' strategy, CR, further government attention, government, government contract, government operation, homegrown NEEDS, Infrastructure, ISCR, NEEDS implementation, NEEDS successor strategy, Oil prices, policy, policy coordination, strategy

IMF Staff Country Reports — Nigeria: Poverty Reduction Strategy Paper: Progress Report: Joint Staff Advisory Note (August 3, 2007), Country Report No. 2007/271

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• Nigeria: Poverty Reduction Strategy Paper—Progress Report—Joint Staff Advisory Note
  • Nigeria: Poverty Reduction Strategy Paper—Progress Report—Joint Staff Advisory Note (Markdown version)
  • Nigeria: Poverty Reduction Strategy Paper—Progress Report—Joint Staff Advisory Note (PDF)