Nigeria: 2010: Article IV Consultation-Staff Report; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Nigeria

International Monetary Fund

No 2011/057, IMF Staff Country Reports from International Monetary Fund

Abstract: In this study, economic growth and development of Nigeria after the crisis is discussed. Nigeria’s economy is projected to grow by 7 percent in 2011. Near-term risks to growth mostly relate to domestic factors. Nigeria’s strong external position and low debt helped mitigate the impact of the global financial crisis. Conflicting objectives of monetary policy and policy framework should focus more on price stability. Establishment of an asset management corporation to clean up the bank balance sheet is encouraged.

Keywords: ISCR; CR; debt; government; real GDP; price; inflation pressure; CBN balance sheet; debt service indicator; industries transparency initiative; development finance initiative; inflation risk hinge; analytical balance balance sheet; world oil prices well; Oil prices; Global (search for similar items in EconPapers)
Pages: 73
Date: 2011-02-28
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