Nigeria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement, and Statement by the Executive Director for Nigeria

February 9, 2022

Preview Citation

Format: Chicago

Nigeria: 2021 Article IV Consultation-Press Release; Staff Report; Staff Statement, and Statement by the Executive Director for Nigeria, (USA: International Monetary Fund, 2022) accessed September 18, 2024

Summary

The economy is recovering from a historic downturn thanks to policy support, rebounding oil prices and international financial assistance. Benefiting from the authorities’ pro-active approach, COVID-19 infection rates and fatalities have been contained. With higher oil prices and the country entering into the 2023 Presidential election cycle, there are risks of delays in much needed fiscal and exchange rate reforms. Macroeconomic and structural policies should build confidence and ensure a robust exit from the crisis.

Subject: COVID-19, Exchange rates, External debt, Foreign exchange, Health, Inflation, International organization, Monetary policy, Prices

Keywords: COVID-19, Exchange rates, Global, Headline inflation, Inflation, January-November data, Oil sector, Policy support, Staff appraisal, Staff projection, Sub-Saharan Africa

Publication Details

Pages:

86
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2022/033
Stock No:

1NGAEA2022001
ISBN:

9798400200205
ISSN:

1934-7685

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