Nigeria: Staff Report for the 2005 Article IV Consultation

International Monetary Fund

No 2005/302, IMF Staff Country Reports from International Monetary Fund

Abstract: Nigeria’s 2005 Article IV Consultation reports that the authorities made good progress in implementing their structural reform program. Given favorable terms of trade, gross international reserves are projected to increase substantially. The economy is expected to benefit from improved infrastructure and policy initiatives aimed at spurring non-oil GDP growth, and removal of distortions. The medium-term outlook hinges on the government’s ability to consolidate the progress it has made in macroeconomic stability, strengthen public expenditure management, and progress significantly in implementing structural reforms.

Keywords: ISCR; CR; government; Paris Club creditor; petroleum product; debt write-off; product; staff appraisal; windfall oil earnings; oil revenue; Oil; gas and mining taxes; Oil prices; Fiscal stance; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 107
Date: 2005-08-26
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