Nigeria : Poverty Reduction Strategy Paper; Progress Report; Joint Staff Advisory Note.

This paper discusses key findings of the annual progress report on implementing the National Economic Empowerment and Development Strategy (NEEDS)-Nigeria's Poverty Reduction Strategy Paper. The progress report highlights key accomplishments and shortcomings as well as outstanding issues. Key m...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2007.
Series:IMF Staff Country Reports; Country Report ; No. 2007/271
Online Access:Full text available on IMF
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520 3 |a This paper discusses key findings of the annual progress report on implementing the National Economic Empowerment and Development Strategy (NEEDS)-Nigeria's Poverty Reduction Strategy Paper. The progress report highlights key accomplishments and shortcomings as well as outstanding issues. Key macroeconomic indicators improved during the last years, reflecting the authorities' attention to macroeconomic management, an improved policy framework, and favorable external environment. Non-oil growth was robust, and despite unrest in the Niger Delta, oil production could fully fill the OPEC quota. The budgetary oil price rule was an essential anchor of fiscal policy. 
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