LEADER 06180oam 22011894 450 001 9910790904403321 005 20230803221359.0 010 $a1-4843-5816-3 010 $a1-4843-5807-4 010 $a1-4755-9010-5 035 $a(CKB)2550000001306042 035 $a(EBL)1692536 035 $a(SSID)ssj0001578275 035 $a(PQKBManifestationID)16254984 035 $a(PQKBTitleCode)TC0001578275 035 $a(PQKBWorkID)14860385 035 $a(PQKB)10669286 035 $a(MiAaPQ)EBC1692536 035 $a(Au-PeEL)EBL1692536 035 $a(CaPaEBR)ebr10873806 035 $a(CaONFJC)MIL611443 035 $a(OCoLC)880530926 035 $a(IMF)1NGAEE2014001 035 $a(IMF)1NGAEA2014001 035 $a(EXLCZ)992550000001306042 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aNigeria : $eStaff Report for the 2013 Article IV Consultation 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (104 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 $a1-4843-5790-6 311 $a1-306-80192-3 327 $aCover; 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, 2012-18 327 $a3. 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, 2001-13 327 $a4. 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 Countermeasures 327 $aIV. 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 ISSUES 330 3 $aThis 2013 Article IV Consultation highlights Nigeria?s poverty and income inequality that remain high and social and governance indicators that are below averages for sub-Saharan Africa. Growth is expected to remain strong, driven by agriculture, trade, and services. Inflation should continue to decline, in line with a tight monetary policy, and a lowering trend in food prices from higher rice and wheat production. Transparency and governance in the oil sector should be enhanced, including by strengthening the regulatory framework through the passage of a sound Petroleum Industry Bill featuring stringent enforcement clauses. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/103 606 $aEconomic development$zNigeria 606 $aFiscal policy$zNigeria 606 $aInvestments: Energy$2imf 606 $aExports and Imports$2imf 606 $aMacroeconomics$2imf 606 $aPublic Finance$2imf 606 $aTaxation$2imf 606 $aBusiness Taxes and Subsidies$2imf 606 $aEnergy: Demand and Supply$2imf 606 $aPrices$2imf 606 $aEnergy: General$2imf 606 $aInternational Lending and Debt Problems$2imf 606 $aNational Government Expenditures and Related Policies: General$2imf 606 $aPublic finance & taxation$2imf 606 $aInvestment & securities$2imf 606 $aInternational economics$2imf 606 $aBanking$2imf 606 $aOil, gas and mining taxes$2imf 606 $aOil prices$2imf 606 $aOil$2imf 606 $aPublic debt$2imf 606 $aExpenditure$2imf 606 $aPetroleum industry and trade$2imf 606 $aDebts, External$2imf 606 $aDebts, Public$2imf 607 $aNigeria$xEconomic policy 607 $aNigeria$2imf 615 0$aEconomic development 615 0$aFiscal policy 615 7$aInvestments: Energy 615 7$aExports and Imports 615 7$aMacroeconomics 615 7$aPublic Finance 615 7$aTaxation 615 7$aBusiness Taxes and Subsidies 615 7$aEnergy: Demand and Supply 615 7$aPrices 615 7$aEnergy: General 615 7$aInternational Lending and Debt Problems 615 7$aNational Government Expenditures and Related Policies: General 615 7$aPublic finance & taxation 615 7$aInvestment & securities 615 7$aInternational economics 615 7$aBanking 615 7$aOil, gas and mining taxes 615 7$aOil prices 615 7$aOil 615 7$aPublic debt 615 7$aExpenditure 615 7$aPetroleum industry and trade 615 7$aDebts, External 615 7$aDebts, Public 676 $a338.9 801 0$bDcWaIMF 906 $aBOOK 912 $a9910790904403321 996 $aNIGERIA$9654026 997 $aUNINA