Cover IMF Staff Country Reports
Nigeria: Background Papers and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 143
Language:
English
Publication Date:
02 Jan 1996
DOI:
https://doi.org/10.5089/9781451828856.002
ISBN:
9781451828856
ISSN:
1934-7685
Pages:
98
Keywords:
ISCR; CR; Nigeria; tax; clearance certificate; rate; petroleum profit tax; tax exemption; tax payment; posted price; Tariffs; Exports; Agricultural commodities; Imports; Sub-Saharan Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1995: Issue 143