Nigeria: 2012 Article IV Consultation

International Monetary Fund

No 2013/116, IMF Staff Country Reports from International Monetary Fund

Abstract: The overarching policy challenge facing Nigeria is to reduce widespread poverty and unemployment. Macroeconomic performance was broadly positive, underpinned by buoyant international oil prices and prudent fiscal and monetary policies. The fiscal targets and the medium-term fiscal consolidation plan are consistent with supporting macroeconomic stability and creating fiscal space for much needed additional investment and social spending. Non-oil revenues need to be mobilized by moving quickly to improve tax administration in line with technical assistance (TA) recommendations. Planned structural reforms can substantially boost prospects for inclusive growth.

Keywords: ISCR; CR; government; price; real GDP; Literacy rate; ratio of female; government committee; nonagricultural employment; Promote gender equality; government action; Oil prices; Energy subsidies; Oil; gas and mining taxes; Global (search for similar items in EconPapers)
Pages: 98
Date: 2013-05-10
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