Cover IMF Staff Country Reports
Nigeria: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2023: Issue 093
Language:
English
Publication Date:
16 Feb 2023
DOI:
https://doi.org/10.5089/9798400232053.002
ISBN:
9798400232053
ISSN:
1934-7685
Pages:
74
Keywords:
month-on-month CPI inflation; inflation risk; branch offices; staff appraisal; analytical balance balance sheet; Energy subsidies; Inflation; Global; West Africa; Africa
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Economic recovery continued to broaden in 2022. Higher oil prices are yet to deliver tangible benefits amid contraction of oil production and costly fuel subsidies. Elevated inflation and lingering external sector pressures, if left unaddressed, may exacerbate macroeconomic instability. This could impact growth, food security and ultimately social cohesion given extreme inequality and high poverty. The upcoming elections provide an opportunity for the new administration to advance structural reforms and offer a more prosperous future.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2023: Issue 093