{
  "title": "Nigeria: Staff Report for the 2013 Article IV Consultation",
  "publication": "IMF Staff Country Reports, April 22, 2014",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2013-article-iv-consultation-41496",
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  "summary": "This 2013 Article IV Consultation highlights Nigeria’s poverty and income inequality that remain high and social and governance indicators that are below averages for sub-Saharan Africa. Growth is expected to remain strong, driven by agriculture, trade, and services.",
  "publishDate": "2014-04-22",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The 2013 Article IV Consultation highlights Nigeria’s poverty and income inequality that remain high and social and governance indicators that are below averages for sub-Saharan Africa.\n- Growth is expected to remain strong, driven by agriculture, trade, and services.\n- Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production."
    },
    {
      "heading": "Growth and inflation",
      "content": "- Growth drivers: agriculture, trade, and services.\n- Inflation outlook:\n  - Expected to continue to decline.\n  - Decline attributed to a tight monetary policy.\n  - Further downward pressure from a lowering trend in food prices due to higher rice and wheat production."
    },
    {
      "heading": "Poverty, inequality, and social/governance indicators",
      "content": "- Poverty and income inequality: remain high.\n- Social and governance indicators: below averages for sub-Saharan Africa."
    },
    {
      "heading": "Oil sector transparency and governance (policy recommendations)",
      "content": "- Transparency and governance in the oil sector should be enhanced.\n- Recommended policy action: strengthen the regulatory framework through the passage of a sound Petroleum Industry Bill featuring stringent enforcement clauses.\n\n---\n\n Content in this bundle\n\n- cr14103\n  - cr14103 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr14103 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2013-article-iv-consultation-41496"
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    "Published: April 22, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484357903.002",
    "The 2013 Article IV Consultation highlights Nigeria’s poverty and income inequality that remain high and social and governance indicators that are below averages for sub-Saharan Africa.",
    "Growth is expected to remain strong, driven by agriculture, trade, and services.",
    "Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production.",
    "Growth drivers: agriculture, trade, and services.",
    "Inflation outlook:",
    "Poverty and income inequality: remain high.",
    "Social and governance indicators: below averages for sub-Saharan Africa.",
    "Transparency and governance in the oil sector should be enhanced.",
    "Recommended policy action: strengthen the regulatory framework through the passage of a sound Petroleum Industry Bill featuring stringent enforcement clauses.",
    "**_cr14103**"
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