Nigeria: Staff Report for the 2005 Article IV Consultation

August 26, 2005

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Nigeria: Staff Report for the 2005 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed September 21, 2024

Summary

Nigeria’s 2005 Article IV Consultation reports that the authorities made good progress in implementing their structural reform program. Given favorable terms of trade, gross international reserves are projected to increase substantially. The economy is expected to benefit from improved infrastructure and policy initiatives aimed at spurring non-oil GDP growth, and removal of distortions. The medium-term outlook hinges on the government’s ability to consolidate the progress it has made in macroeconomic stability, strengthen public expenditure management, and progress significantly in implementing structural reforms.

Subject: Expenditure, External debt, Fiscal policy, Fiscal stance, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: CR, Debt write-off, Fiscal stance, Gas and mining taxes, Government, ISCR, Oil, Oil prices, Oil revenue, Paris Club creditor, Petroleum product, Product, Staff appraisal, Sub-Saharan Africa, Windfall oil earnings

Publication Details

Pages:

107
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/302
Stock No:

1NGAEA2005002
ISBN:

9781451828962
ISSN:

1934-7685

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