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Nigeria Staff Report for the 2011 Article IV Consultation

The Nigerian economy remained strong, with a non-oil real GDP of 8.3 percent and an overall real GDP of 6.7 percent. A modest fiscal consolidation took place in 2011 as a response to the substantial monetary tightening by the Central Bank of Nigeria and moderation of food prices. Banks showed contin...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Staff Country Reports
Subjects:
Inflation
Energy: Demand And Supply
Public Debt
Oil Prices
Public Finance & Taxation
Taxes
Debt Management
Debts, Public
Energy Subsidies
Debt
Exports And Imports
International Lending And Debt Problems
International Economics
External Debt
Debts, External
National Government Expenditures And Related Policies: General
Sovereign Debt
Expenditure
Business Taxes And Subsidies
Banks And Banking
Expenditures, Public
Prices
Macroeconomics
Banking
Taxation
Public Finance
Oil, Gas And Mining Taxes
Energy Industries & Utilities
Petroleum, Oil & Gas Industries
Nigeria
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The Nigerian economy remained strong, with a non-oil real GDP of 8.3 percent and an overall real GDP of 6.7 percent. A modest fiscal consolidation took place in 2011 as a response to the substantial monetary tightening by the Central Bank of Nigeria and moderation of food prices. Banks showed continued improvement in financial stability. Executive Directors commended the authorities for countercyclical policies. However, they emphasized the need for policies that safeguard macroeconomic stability and ensure inclusive growth
Physical Description:80 pages
ISBN:9781475506679

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