Nigeria: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria
February 16, 2023
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Nigeria: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria, (USA: International Monetary Fund, 2023) accessed November 26, 2024
Summary
Economic recovery continued to broaden in 2022. Higher oil prices are yet to deliver tangible benefits amid contraction of oil production and costly fuel subsidies. Elevated inflation and lingering external sector pressures, if left unaddressed, may exacerbate macroeconomic instability. This could impact growth, food security and ultimately social cohesion given extreme inequality and high poverty. The upcoming elections provide an opportunity for the new administration to advance structural reforms and offer a more prosperous future.
Publication Details
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Pages:
74
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Volume:
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DOI:
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Issue:
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Series:
Country Report No. 2023/093
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Stock No:
1NGAEA2023001
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ISBN:
9798400232053
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ISSN:
1934-7685
