In spite of the severe negative oil price shock since the second half of 2014, the Nigerian economy has maintained its decade long strong performance amidst enormous but manageable developmental challenges. This was made possible by the adoption of contingency policy measures to deal with the oil shock and at the same time implementing the reform agenda which is aimed at placing the economy on a more diversified, sustainable, and inclusive growth trajectory. While the authorities recognize the negative effect of the oil shock on the economy, they expect that the impact would be less than envisaged by staff on account of measures put in place. They are equally aware of the various concerns raised by staff in the report including revenue redistribution mechanism for dealing with regional disparity and poverty reduction. They are focused on addressing these issues within the provision of the law and subsisting political arrangements some of which were achieved after complex compromises. Overall, the authorities are grateful to staff for the fruitful discussions during the mission and the Executive Board for the support.