{ "title": "Nigeria: Selected Issues", "publication": "IMF Staff Country Reports, April 5, 2017", "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793", "canonical": "https://www.imf.org/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793", "overlayPath": "/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/index.md", "summary": "This Selected Issues paper examines the role of lower oil prices in the recent deterioration in Nigeria’s macroeconomic indicators, the impact on corporate and financial sector performance.", "publishDate": "2017-04-05", "series": "IMF Staff Country Reports", "sections": [ { "heading": "Overview and Scope", "content": "- Publication type: IMF Staff Country Report, Country Report No. 2017/081.\n- Date: April 5, 2017.\n- Pages: 57.\n- Volume: 2017.\n- Issue: 081.\n- DOI: https://doi.org/10.5089/9781475591910.002.\n- Stock No: 1NGAEA2017002.\n- ISBN: 9781475591910.\n- ISSN: 1934-7685.\n- Subject areas: Business environment, Economic sectors, Expenditure, Financial institutions, Foreign exchange, Nonperforming loans, Oil, Oil prices, Prices.\n- Keywords: Business environment, CR, Doing business indicator, FX availability, FX exchange rate, FX inflow, ISCR, Nigeria, Nonperforming loans, oil export, Oil prices, Sub-Saharan Africa." }, { "heading": "Key Findings", "content": "- The slump in oil prices contributed to sluggish growth in Nigeria.\n- The lack of foreign exchange weakened corporate performance, setting the stage for nonperforming loans.\n- Lower oil prices played a central role in the recent deterioration in Nigeria’s macroeconomic indicators.\n- Corporate and financial sector performance have been negatively impacted by the combination of lower oil prices and limited FX availability." }, { "heading": "Analysis Themes", "content": "- Role of lower oil prices in macroeconomic deterioration:\n - Examines how reduced oil revenues affected growth and macro indicators.\n- Impact on corporate and financial sector performance:\n - Focuses on FX availability as a driver of corporate weakness and future nonperforming loans.\n- Forward-looking aspects:\n - Promotes job-intensive growth strategies.\n - Considers strengthening state and local government finances through fiscal reforms." }, { "heading": "Policy Recommendations and Implications", "content": "- Structural reforms to improve the business environment can have a positive impact on growth.\n- Fiscal reforms would help strengthen finances of subnational governments (state and local).\n- Addressing FX availability is implied as important to prevent further corporate stress and rising nonperforming loans." }, { "heading": "Document Access and Metadata", "content": "- Format available: PDF (Download PDF).\n- Citation example provided in Chicago format within the source content.\n\nInternational Monetary Fund. African Dept. \"Nigeria: Selected Issues\", IMF Staff Country Reports 2017, 081 (2017).\n\n---\n\n Content in this bundle\n\n- Country Report\n - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793" } ], "bullets": [ "[Markdown version](/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/index.md)", "[Structured JSON version](/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/index.json)", "[Bundle manifest](/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/bundle-manifest.json)", "Published: April 5, 2017", "Series: IMF Staff Country Reports", "DOI: https://doi.org/10.5089/9781475591910.002", "Publication type: IMF Staff Country Report, Country Report No. 2017/081.", "Date: April 5, 2017.", "Pages: 57.", "Volume: 2017.", "Issue: 081.", "DOI: https://doi.org/10.5089/9781475591910.002.", "Stock No: 1NGAEA2017002.", "ISBN: 9781475591910.", "ISSN: 1934-7685.", "Subject areas: Business environment, Economic sectors, Expenditure, Financial institutions, Foreign exchange, Nonperforming loans, Oil, Oil prices, Prices.", "Keywords: Business environment, CR, Doing business indicator, FX availability, FX exchange rate, FX inflow, ISCR, Nigeria, Nonperforming loans, oil export, Oil prices, Sub-Saharan Africa.", "The slump in oil prices contributed to sluggish growth in Nigeria.", "The lack of foreign exchange weakened corporate performance, setting the stage for nonperforming loans.", "Lower oil prices played a central role in the recent deterioration in Nigeria’s macroeconomic indicators.", "Corporate and financial sector performance have been negatively impacted by the combination of lower oil prices and limited FX availability.", "Role of lower oil prices in macroeconomic deterioration:", "Impact on corporate and financial sector performance:", "Forward-looking aspects:", "Structural reforms to improve the business environment can have a positive impact on growth.", "Fiscal reforms would help strengthen finances of subnational governments (state and local).", "Addressing FX availability is implied as important to prevent further corporate stress and rising nonperforming loans.", "Format available: PDF (Download PDF).", "Citation example provided in Chicago format within the source content.", "**Country Report**" ], "related": [ { "title": "Country Report", "role": "report", "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr1781.pdf", "summary": { "path": "/-/media/files/publications/cr/2017/cr1781.pdf.md", "mime": "text/markdown" }, "binary": { "path": "/-/media/files/publications/cr/2017/cr1781.pdf", "mime": "application/pdf" } } ], "alternates": { "markdown": "/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/index.md", "json": "/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/index.json", "bundleManifest": "/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793/bundle-manifest.json" }, "generatedAtUtc": "2026-09-23T10:43:11.780Z" }