Cover IMF Staff Country Reports
Nigeria: Request for a Two-Year Policy Support Instrument
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2005: Issue 432
Language:
English
Publication Date:
19 Dec 2005
DOI:
https://doi.org/10.5089/9781451828986.002
ISBN:
9781451828986
ISSN:
1934-7685
Pages:
73
Keywords:
ISCR; CR; government; CBN bill; tariff reform; draft budget; overdraft facility; staff appraisal; Oil; gas and mining taxes; Fiscal stance; Currencies; Global
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This paper presents Nigeria’s Request for a Two-Year Policy Support Instrument to support its reform efforts. All three tiers of government have adhered to a conservative oil price-based fiscal rule, resulting in large overall budget surpluses and a significant buildup of international reserves. The authorities have also initiated a broad structural reform program. GDP growth has been robust, benefiting from the improved macroeconomic environment and policy initiatives to spur agricultural production; and the medium-term growth outlook is favorable.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2005: Issue 432