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Nigeria
			: Experience with Structural Adjustment

Nigeria : Experience with Structural Adjustment »

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

DOI: http://dx.doi.org/10.5089/9781557756305.084

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth despite its efforts at structural adjustment. This paper concludes that the facts do not justify the negative image that s...

Appendix I. Determinants of Inflation in Nigeria

Appendix I. Determinants of Inflation in Nigeria »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Gary Moser The rate of inflation in Nigeria has increased steadily and markedly since independence in 1960. During the period following inde...

Appendix II. Money Demand in Nigeria, 1970–94

Appendix II. Money Demand in Nigeria, 1970–94 »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Gary Moser The demand for money is commonly described in terms of its ability to facilitate transactions and store wealth. Money demand func...

Appendix III. Nigeria’s Non-Oil Exports: Determinants of Supply and Demand, 1970–90

Appendix III. Nigeria’s Non-Oil Exports: Determinants of Supply and Demand, 1970–90 »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Inutu Lukonga The weakening of the world oil market in the early 1980s and Nigeria’s ensuing payment difficulties rekindled the urgency for...

Appendix IV. Oil Smuggling, Fiscal Policy, and Macroeconomic Imbalances

Appendix IV. Oil Smuggling, Fiscal Policy, and Macroeconomic Imbalances »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Scott Rogers The subsidization of gasoline for domestic use in Nigeria has a direct impact on the Nigerian fiscal balance and on the smuggli...

Appendix V. Statistical Appendix

Appendix V. Statistical Appendix »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

The tables on the following pages provide a statistical overview of the Nigerian economy. Starting with selected economic and financial indicators, the tables move on to fiscal and...

I Introduction

I Introduction »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Over the past two decades, Nigeria has not reaped fully the benefits of its national wealth. Apart from a promising but brief interlude in which structural adjustment was pursued vigorously, the country’s de...

II Economic and Political Setting

II Economic and Political Setting »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

Nigeria, with a population of about 95 million, is Africa’s most populous country and the continent’s third largest economy. Oil dominates the economy, accounting in 1993 for roughly 30 percent of GDP, 80 pe...

III Austerity and Controls in the First Half of the 1980s

III Austerity and Controls in the First Half of the 1980s »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

The collapse of world oil prices and the sharp decline in petroleum output, the latter resulting from a lowering of Nigeria’s OPEC quota in the early 1980s, brought to the forefront the precarious nature of...

IV Structural Reform and Macroeconomic Policy, 1986–90

IV Structural Reform and Macroeconomic Policy, 1986–90 »

Source: Nigeria : Experience with Structural Adjustment

Series: Occasional Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 1997

ISBN: 9781557756305

Keywords: oil exports, agricultural exports, export performance, export prices, export supply

It became clear to Nigeria’s economic policymakers that short-run stabilization measures and increased regulation were not appropriate responses to deep-seated impediments to growth. After considerable popul...