Nigeria: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, August 26, 2005
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- Nigeria: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: August 26, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451828962.002
Key findings
- The authorities made good progress in implementing their structural reform program.
- Given favorable terms of trade, gross international reserves are projected to increase substantially.
- The economy is expected to benefit from improved infrastructure and policy initiatives aimed at spurring non-oil GDP growth, and removal of distortions.
Medium-term outlook
- The outlook hinges on the government's ability to:
- consolidate the progress it has made in macroeconomic stability;
- strengthen public expenditure management; and
- progress significantly in implementing structural reforms.
Core policy implications and priorities
- Continue and deepen structural reform implementation to sustain gains.
- Reinforce public expenditure management to secure macroeconomic stability.
- Advance infrastructure improvements and policies to promote non-oil GDP growth and remove remaining distortions.
Source: Nigeria: Staff Report for the 2005 Article IV Consultation (August 26, 2005).