Nigeria: 2007 Article IV Consultation: Staff Report; Staff Supplement and Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 064

Publication date: February 2008

ISBN: 9781451829068

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , price , budget oil price , food price inflation , financing , authority , debt obligation , mediation effort , oil revenue disbursement , Oil , gas and mining taxes , Oil prices , Commercial banks , Global

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Republic of Congo : 2001 Article IV

Summary

The success of Nigeria’s reforms brings new policy challenges for preserving and building on the reform gains. The immediate challenge is to enshrine a fiscal institution that ensures that fiscal policy is consistent with macroeconomic stability. Nigeria’s integration into the global economy brings new challenges for ensuring financial stability. Monetary policy has strengthened. The balance of payments outlook is consistent with external stability. Non-oil sector growth can only be sustained with supportive macroeconomic policies and a resolution of the infrastructure gap.