IMF Staff Country Reports

Nigeria: Poverty Reduction Strategy Paper: National Economic Empowerment and Development Strategy

December 19, 2005

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Nigeria: Poverty Reduction Strategy Paper: National Economic Empowerment and Development Strategy, (USA: International Monetary Fund, 2005) accessed November 26, 2024

Summary

This Poverty Reduction Strategy Paper for Nigeria highlights the National Economic Empowerment and Development Strategy (NEEDS). NEEDS gives special support to agriculture, industry, small and medium-scale enterprises, and oil and gas. Under the plan, the government will seek long-term capital for investment. Trade policy will be modified to unburden business of the red tape and complex procedures that hinder it from flourishing. NEEDS envisages forging stronger links between educational institutions and industry to stimulate rapid industrial growth and efficient exploitation of resources.

Subject: Education, Environment, Health, Labor, Poverty

Keywords: Africa, Central Africa, Civil society, CR, Debt service, Economic system, Federal government, Global, ISCR, Monetary policy, Permanent secretary, Private sector, Public expenditure, Trade policy, West Africa

Publication Details

  • Pages:

    139

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2005/433

  • Stock No:

    1NGAEA2005005

  • ISBN:

    9781451828993

  • ISSN:

    1934-7685