IMF Staff Country Reports

Nigeria: Background Papers and Statistical Appendix

Publication Date:

January 2, 1996

Summary:

This Background Paper and Statistical Appendix examines economic development in Nigeria in the first half of the 1990s. Economic growth slowed for the fourth consecutive year in 1994, to 1.3 percent from 2.3 percent in 1993. The slowdown was widespread, affecting every sector except agriculture. Output in the petroleum sector is estimated to have declined by 6 percent, mainly as a result of industrial actions by oil workers during July and August 1994. In the non-oil sectors, negative growth was recorded in both fishing and manufacturing activities.

Series:

Country Report No. 1995/143

Subject:

Agricultural commodities Banking Commodities Exports Foreign exchange Imports International trade Tariffs Taxes

Notes:

This background report and statistical appendix on Nigeria was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Nigeria, or the Executive Board of the IMF.