Nigeria: 2012 Article IV Consultation
Electronic Access:
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Summary:
The overarching policy challenge facing Nigeria is to reduce widespread poverty and unemployment. Macroeconomic performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The fiscal targets and the medium-term fiscal consolidation plan are consistent with supporting macroeconomic stability and creating fiscal space for much needed additional investment and social spending. Non-oil revenues need to be mobilized by moving quickly to improve tax administration in line with technical assistance (TA) recommendations. Planned structural reforms can substantially boost prospects for inclusive growth.
Series:
Country Report No. 2013/116
Subject:
Energy subsidies Expenditure External debt Oil prices Oil, gas and mining taxes Prices Public debt Taxes
English
Publication Date:
May 10, 2013
ISBN/ISSN:
9781484311271/1934-7685
Stock No:
1NGAEA2013001
Pages:
98
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