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

_IMF Staff Country Reports, August 3, 2007_

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## Bibliographic details
- Published: August 3, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451829044.002

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### 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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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-poverty-reduction-strategy-paper-progress-report-joint-staff-advisory-note-21249_