06180oam 22011894 450 991079090440332120230803221359.01-4843-5816-31-4843-5807-41-4755-9010-5(CKB)2550000001306042(EBL)1692536(SSID)ssj0001578275(PQKBManifestationID)16254984(PQKBTitleCode)TC0001578275(PQKBWorkID)14860385(PQKB)10669286(MiAaPQ)EBC1692536(Au-PeEL)EBL1692536(CaPaEBR)ebr10873806(CaONFJC)MIL611443(OCoLC)880530926(IMF)1NGAEE2014001(IMF)1NGAEA2014001(EXLCZ)99255000000130604220020129d2014 uf 0engur|n|---|||||txtccrNigeria : Staff Report for the 2013 Article IV ConsultationWashington, D.C. :International Monetary Fund,2014.1 online resource (104 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4843-5790-6 1-306-80192-3 Cover; CONTENTS; CONTEXT; RECENT ECONOMIC DEVELOPMENTS AND OUTLOOK; A. Recent Economic and Policy Developments; B. Medium-Term Outlook and Risks; C. Inward and Outward Spillovers; ADDRESSING OIL THEFT/PRODUCTION LOSSES; STRONG ECONOMIC MANAGEMENT, NOTWITHSTANDING THE POLITICAL CYCLE; A. Preserving Fiscal Consolidation Through the Political Cycle; B. Monetary, Financial, and Exchange Rate Policies; C. Improving Competitiveness and Productivity; STAFF APPRAISAL; TABLES; 1. Millennium Development Goals, 1990-11; 2. Selected Economic and Financial Indicators, 2012-183. Balance of Payments, 2010-164a. Federal Government Operations, 2010-16; 4b. Consolidated Government, 2010-16; 4c. Government Operations, 2010-16; 4d. State and Local Governments, 2011-16; 4e. Extrabudgetary Funds (including ECA/SWF), 2011-16; 5a. Central Bank of Nigeria (CBN) Analytical Balance Sheet, 2011-16; 5b. Monetary Survey, 2011-16; 6. Financial Soundness Indicators: 2011-13; 7. Risk Assessment Matrix (RAM); FIGURES; 1. Real Sector Development, 2005-13; 2. External and Exchange Rate Developments, 2010-13; 3. Fiscal Developments, 2001-134. Monetary and Financial Developments, 2010-135. Key Indicators of the Oil Sector, 2005-12; 6. Oil Price Shock, 2013-18; 7. Fiscal Expansion, 2013-18; 8. Vulnerabilities in the Oil Sector, 2013-18; BOXES; 1. Authorities' Response to Past IMF Policy Recommendations; 2. Strengthening the Monitoring and Reconciliation of Oil Revenue Flows; 3. The Challenge of Fiscal Federalism in Nigeria; 4. Follow-up on the 2012 FSAP Recommendations; APPENDICES; I. Changing Trends in Oil Markets?; II: Gross Domestic Product (GDP) Rebasing and Implications; III. Oil Theft in Nigeria and Proposed CountermeasuresIV. Estimates of the Sustainable Non-Oil Primary DeficitV. External Sector Assessment; VI. Tracking Job Creation; VII. Trade Policy and Competitiveness: Agriculture in Nigeria; CONTENTS; FUND RELATIONS; JOINT WORLD BANK-IMF WORK PROGRAM, 2013-14; STATISTICAL ISSUESThis 2013 Article IV Consultation highlights Nigeria’s poverty and income inequality that remain high and social and governance indicators that are below averages for sub-Saharan Africa. 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. Transparency and governance in the oil sector should be enhanced, including by strengthening the regulatory framework through the passage of a sound Petroleum Industry Bill featuring stringent enforcement clauses.IMF Staff Country Reports; Country Report ;No. 2014/103Economic developmentNigeriaFiscal policyNigeriaInvestments: EnergyimfExports and ImportsimfMacroeconomicsimfPublic FinanceimfTaxationimfBusiness Taxes and SubsidiesimfEnergy: Demand and SupplyimfPricesimfEnergy: GeneralimfInternational Lending and Debt ProblemsimfNational Government Expenditures and Related Policies: GeneralimfPublic finance & taxationimfInvestment & securitiesimfInternational economicsimfBankingimfOil, gas and mining taxesimfOil pricesimfOilimfPublic debtimfExpenditureimfPetroleum industry and tradeimfDebts, ExternalimfDebts, PublicimfNigeriaEconomic policyNigeriaimfEconomic developmentFiscal policyInvestments: EnergyExports and ImportsMacroeconomicsPublic FinanceTaxationBusiness Taxes and SubsidiesEnergy: Demand and SupplyPricesEnergy: GeneralInternational Lending and Debt ProblemsNational Government Expenditures and Related Policies: GeneralPublic finance & taxationInvestment & securitiesInternational economicsBankingOil, gas and mining taxesOil pricesOilPublic debtExpenditurePetroleum industry and tradeDebts, ExternalDebts, Public338.9DcWaIMFBOOK9910790904403321NIGERIA654026UNINA