## Nigeria: Selected Issues

_IMF Staff Country Reports, April 5, 2017_

## Source details

**Canonical URL:** [Nigeria: Selected Issues](https://www.imf.org/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793)

## Other formats

- [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)
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## Bibliographic details
- Published: April 5, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475591910.002

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### Overview and Scope
- 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.

### Key Findings
- 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.

### Analysis Themes
- Role of lower oil prices in macroeconomic deterioration:
  - Examines how reduced oil revenues affected growth and macro indicators.
- Impact on corporate and financial sector performance:
  - Focuses on FX availability as a driver of corporate weakness and future nonperforming loans.
- Forward-looking aspects:
  - Promotes job-intensive growth strategies.
  - Considers strengthening state and local government finances through fiscal reforms.

### Policy Recommendations and Implications
- 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.

### Document Access and Metadata
- Format available: PDF (Download PDF).
- Citation example provided in Chicago format within the source content.

*International Monetary Fund. African Dept. "Nigeria: Selected Issues", IMF Staff Country Reports 2017, 081 (2017).*

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- **Country Report**
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_Source: https://www.imf.org/en/publications/cr/issues/2017/04/05/nigeria-selected-issues-44793_