Front Matter Page

©2001 International Monetary Fund

August 2001

IMF Country Report No. 01/132

Nigeria: Selected Issues and Statistical Appendix

The Selected Issues report and Statistical Appendix on Nigeria were prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 25, 2001, The views expressed in this document are those of the staff team and do not necessary reflect the views of the government of Nigeria or the Executive Board of the IMF.

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Front Matter Page

INTERNATIONAL MONETARY FUND

NIGERIA

Selected Issues and Statistical Appendix

Prepared by a staff team consisting of Mr. H. Hino (head),

Mr. A. Subramanian, Mr. G. Almekinders (all AFR),

Mr. IP. Chauffeur (PDR), and Mr. L. Doe (FAD)

Approved by the African Department

June 25, 2001

Contents

• Basic Data

  • I. Issues in Fiscal Decentralization in Nigeria

    • A. Introduction

    • B. Current Arrangements

      • Revenue

      • Expenditure devolution

      • Borrowing regulations

      • The institutions

    • C. Issues in Fiscal Decentralization in Nigeria

      • Derivation versus distribution

      • Macroeconomic policy

      • Transfers

      • Expenditure assignment

      • The revenue structure

    • D. Conclusion.

• Text Figures

• 1. Share of Transfers in Total Revenue of Each Tier of Government, 1993-99

• 2. Intergovernmental Financial Flows, 2000

• 3. Share of Recurrent Expenditure in Total Expenditure of Each Tier of Government, 1993-99

• 4. Per Capita Income and Per Capita Government Transfers by State, 1996.

• Text Tables

• 1. Total Government Revenue, 1993-2000

• 2. Summary of Budgetary Operations of States and the Federal CapitalTerritory of Abuja(FCT), 1993-99

• 3. Summary of the Financial Operations of Local Governments, 1993-99

• 4. Summary of the Financial Operations of the Federal Government, 1993-2000

• 5. Per Capita Government Transfers and Income, 1996.21

• Statistical Appendix Tables

• 6. Gross Domestic Product by Sector of Origin at Current Prices,1995-200025

• 7. Gross Domestic Product by Sector of Origin at Constant 1990 Prices, 1995-2000

• 8. Gross Domestic Product by Expenditure Category at Current Prices, 1995-2000

• 9. Gross Domestic Product by Expenditure Category at Constant 1990 Prices, 1995-2000

• 10. Selected Petroleum Statistics, 1995-2000

• 11. National Consumer Price Indices, 1994-2001

• 12. Urban Consumer Price Indices, 1994-2001

• 13. Rural Consumer Price Indices, 1994-2001

• 14. Consolidated Government Finance, 1995-2000

• 15. Consolidated Government Revenue, 1995-2000

• 16. Consolidated Government Expenditure, 1995-2000

• 17. Federation Account Operations, 1995-2000

• 18. Summary of Federal Government Fiscal Operations, 1995-2000

• 19. Budgeted Total Expenditure of the Federal Government by Functional Classification, 1995-99

• 20. Budgeted Recurrent Expenditure of the Federal Government by Functional Classification, 1995-99

• 21. Budgeted Capital Expenditure of the Federal Government by Functional Classification, 1995-9940

• 22. Federal Government Outstanding Domestic Debt, 1995-2000

• 23. Summary of Budgetary Operations of State and Local Governments and Special Funds, 1995-99

• 24. Monetary Survey, 1995-2000

• 25. Consolidated Accounts of Central Bank, 1995-2000

• 26. Consolidated Accounts of Commercial Banks, 1995-2000

• 27. Consolidated Accounts of Merchant Banks, 1995-2000

• 28. Selected Interest Rates, 1995-2001

• 29. Financial Institutions and Branches, 1995-1999

• 30. Balance of Payments, 1995-2000

• 31. Direction of Trade Statistics, Imports, 1996-2000

• 32. Direction of Trade Statistics, Exports, 1996-2000

• 33. External Public Debt, 1996-2000

• 34. Central Bank Sales of Foreign Exchange in the AFEM/IFEM, January 1998-December 2000

• 35. Exchange Rates, January 1998-December 2000

• Appendix

• Summary of the Tax System as of March 2001