Nigeria: Selected Issues and Statistical Appendix

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 303

Publication date: August 2005

ISBN: 9781451828979

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Topics covered in this book

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Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , government , oil price , Nigeria , price , import trade protection regime , assets custodian , accrued pension right , government deposit , reference price , import-protection policy , Oil prices , Pension spending , Pensions , Tariffs , Trade policy , Global , Africa , West Africa , Sub-Saharan Africa

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Summary

This Selected Issues paper on Nigeria highlights challenges faced by the country in building on the achievements of 2004. The authorities will have to maintain macroeconomic stability while implementing ambitious structural reforms aimed at reducing the costs of doing business in Nigeria and supporting faster growth and poverty reduction. The government’s ambitious and broad-based medium-term economic reform strategy and the National Economic Empowerment and Development Strategy aim to break with the misguided government-led development paradigm of the past that created a difficult environment for the private sector.