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Nigeria: Selected Issues
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2017: Issue 081
Language:
English
Publication Date:
05 Apr 2017
DOI:
https://doi.org/10.5089/9781475591910.002
ISBN:
9781475591910
ISSN:
1934-7685
Pages:
57
Keywords:
ISCR; CR; Nigeria; FX inflow; Doing business indicator; oil export; FX availability; FX exchange rate; Oil prices; Nonperforming loans; Business environment; Sub-Saharan Africa
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This Selected Issues paper examines the role of lower oil prices in the recent deterioration in Nigeria’s macroeconomic indicators, the impact on corporate and financial sector performance. and the forward-looking aspects of promoting job-intensive growth and strengthening state and local government finances. Although the slump in oil prices contributed to sluggish growth, the lack of foreign exchange weakened corporate performance, setting the stage for nonperforming loans. Structural reforms to improve the business environment can have a positive impact on growth, while fiscal reforms would help strengthen finances of subnational governments.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund