## Nigeria: Staff Report for the 2014 Article IV Consultation

_IMF Staff Country Reports, March 30, 2015_

## Source details

**Canonical URL:** [Nigeria: Staff Report for the 2014 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817)

## Other formats

- [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)

## Bibliographic details
- Published: March 30, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484306307.002

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### Executive summary and key findings
- 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:
  - Progress in promoting Nigeria’s economic diversification.
  - Their macroeconomic response to collapsing export prices.

### Subject areas and keywords
- 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

*Source: Nigeria: Staff Report for the 2014 Article IV Consultation (IMF Staff Country Report No. 2015/084, March 30, 2015).*

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## Content in this bundle

- **1. Risk Assessment Matrix**
  - [1. Risk Assessment Matrix (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1584.pdf.md){rel="alternate" type="text/markdown"}
  - [1. Risk Assessment Matrix (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2015/_cr1584.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/nigeria-staff-report-for-the-2014-article-iv-consultation-42817_