| Description |
1 online resource (103 pages) : color illustrations. |
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text file |
| Series |
IMF country report ; no. 14/103
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IMF country report ; no. 14/103.
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| Note |
"April 2014." |
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"February 6, 2014"--Page 2 of pdf. |
| Summary |
"Despite recent strong non-oil growth, poverty and income inequality remain high and social and governance indicators are below averages for sub-Saharan Africa. Structural reforms under the Transformation Agenda are ongoing, but significant infrastructure gaps and weak institutional capacity still retard growth prospects. At the same time, vulnerabilities are rising in the buildup to general elections in 2015 and fiscal buffers have been reduced. Meanwhile, GDP is being rebased and structural shifts may suggest a refocus in some policy areas. Outlook and Risks. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production. Key downside risks are (i) persistently lower oil revenue from changing global dynamics and lower domestic production; (ii) less prudent fiscal policy through the ongoing political cycle; (iii) ongoing security problems in the North; (iv) uncertainty about the pace of global recovery; and (v) capital flow reversals from the expected unwinding of unconventional monetary policy (UMP) in the advanced economies or increased domestic political risk. Addressing oil theft/production losses. In the event of persistent pressures, the naira should be allowed to adjust and reserve adequacy maintained. Improving competitiveness and productivity to generate inclusive growth will require wide-ranging structural reforms. Three key areas could help promote inclusive growth - increasing the delivery of power, broadening the agricultural production base, and increasing access to finance for SMEs. Support for sectoral growth should be underpinned by improvements in competitiveness rather than by protectionist measures"--Abstract. |
| Local Note |
eBooks on EBSCOhost EBSCO eBook Subscription Academic Collection - North America |
| Subject |
International Monetary Fund -- Nigeria.
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International Monetary Fund. |
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Nigeria. |
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International Monetary Fund. |
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Economic development -- Nigeria.
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Economic development. |
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Nigeria -- Economic policy.
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Economic policy. |
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Fiscal policy -- Nigeria.
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Fiscal policy. |
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Debts, External -- Nigeria.
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Debts, External. |
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Structural adjustment (Economic policy) -- Nigeria.
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Structural adjustment (Economic policy) |
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Economic indicators -- Nigeria.
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Economic indicators. |
| Genre/Form |
Electronic books.
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| Added Author |
International Monetary Fund.
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| Note |
Title from p. 2 of pdf: Nigeria, staff report for the 2013 Article IV consultation |
| Other Form: |
Print version: International Monetary Fund. Nigeria : 2013 article IV consultation, staff report; press release and statement by the executive director for Nigeria. Washington, District of Columbia : International Monetary Fund, c2014 approximately 104 pages IMF Country Report ; Number 14/103 9781484357903 |
| ISBN |
9781475590104 (electronic book) |
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1475590105 (electronic book) |
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9781484357903 |
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