{
  "title": "Nigeria: Staff Report for the 2014 Article IV Consultation",
  "publication": "IMF Staff Country Reports, March 30, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817",
  "overlayPath": "/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/index.md",
  "summary": "This 2014 Article IV Consultation highlights that inflation in Nigeria has remained in single digits for two years, and the banking sector, which has a strong capital base, is expanding credit.",
  "publishDate": "2015-03-30",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Executive summary and key findings",
      "content": "- Inflation in Nigeria has remained in single digits for two years.\n- The banking sector has a strong capital base and is expanding credit.\n- The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports.\n- Gross international reserves have been falling.\n- The general government fiscal deficit and public debt have been kept low.\n- The Executive Directors commended authorities for:\n  - Progress in promoting Nigeria’s economic diversification.\n  - Their macroeconomic response to collapsing export prices."
    },
    {
      "heading": "Subject areas and keywords",
      "content": "- Subject: Banking, Expenditure, External debt, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes\n- Keywords: band vis-à-vis, bureau de change, CR, debt, exchange rate, gas and mining taxes, Global, ISCR, market reaction, naira-U.S. dollar exchange rate, Oil, oil price shock, Oil prices, Sub-Saharan Africa, U.S. dollar\n\nSource: Nigeria: Staff Report for the 2014 Article IV Consultation (IMF Staff Country Report No. 2015/084, March 30, 2015).\n\n---\n\n Content in this bundle\n\n- 1. Risk Assessment Matrix\n  - 1. Risk Assessment Matrix (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Risk Assessment Matrix (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-2014-article-iv-consultation-42817"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/bundle-manifest.json)",
    "Published: March 30, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484306307.002",
    "Inflation in Nigeria has remained in single digits for two years.",
    "The banking sector has a strong capital base and is expanding credit.",
    "The trade surplus has been declining since the second quarter of 2013 on lower oil exports and continued strong growth of imports.",
    "Gross international reserves have been falling.",
    "The general government fiscal deficit and public debt have been kept low.",
    "The Executive Directors commended authorities for:",
    "Subject: Banking, Expenditure, External debt, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes",
    "Keywords: band vis-à-vis, bureau de change, CR, debt, exchange rate, gas and mining taxes, Global, ISCR, market reaction, naira-U.S. dollar exchange rate, Oil, oil price shock, Oil prices, Sub-Saharan Africa, U.S. dollar",
    "**1. Risk Assessment Matrix**"
  ],
  "related": [
    {
      "title": "1. Risk Assessment Matrix",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1584.pdf",
      "summary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1584.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1584.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/index.md",
    "json": "/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/index.json",
    "bundleManifest": "/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-22T04:42:38.845Z"
}