Publication:
Nigeria Bi-Annual Economic Update, April 2017: Fragile Recovery

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dc.contributor.authorWorld Bank
dc.date.accessioned2017-05-18T17:19:26Z
dc.date.available2017-05-18T17:19:26Z
dc.date.issued2017-04
dc.description.abstractThis economic update provides an overview of recent developments in the Nigerian economy.Low oil revenues and the lack of major tax policy reforms to significantly increase non-oil revenues led to large revenue shortfalls at all levels of governmentin 2016. Monetary policy remained accommodative, with broad money growth at 18.5 percent, driven by increased lending from the Central Bank to the Government to finance the budget deficit. After a sharp depreciation of the exchange rate following the June 2016 liberalization of the Naira,the Central Bank of Nigeria (CBN) maintained theinterbank exchange rate at around N 305 per USD. The chapter second describes the World Bank's view on Nigeria's economic outlook for 2017. The chapter third summarizes the findings of a forthcoming Bank report Toward Sustainable Growth in Nigeria: Empirical Analysis and Policy options, which analyzes the patterns of economic growth in Nigeria; the underlying determinants of growth from both a macro and micro perspective; and policy priorities tosupport higher growth. In addition, analysis of constraints to doing business and the impact of current trade policies highlights the need to improve access to finance, improve the reliability of power supply, and adjust trade policies to promote productivity growth.en
dc.identifierhttp://documents.worldbank.org/curated/en/349511494584937819/Nigeria-Bi-annual-economic-update-2017-fragile-recovery
dc.identifier.doi10.1596/26658
dc.identifier.urihttps://hdl.handle.net/10986/26658
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OUTLOOK
dc.subjectFISCAL TRENDS
dc.subjectMONETARY POLICY
dc.subjectBALANCE OF PAYMENTS
dc.subjectPOLICY RESPONSE
dc.titleNigeria Bi-Annual Economic Update, April 2017en
dc.title.subtitleFragile Recoveryen
dc.typeReporten
dc.typeRapportfr
dc.typeInformees
dspace.entity.typePublication
okr.crossref.titleNigeria Bi-Annual Economic Update, April 2017
okr.date.disclosure2017-05-12
okr.doctypeEconomic & Sector Work::Economic Updates and Modeling
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/349511494584937819/Nigeria-Bi-annual-economic-update-2017-fragile-recovery
okr.guid349511494584937819
okr.identifier.doi10.1596/26658
okr.identifier.doihttps://doi.org/10.1596/26658
okr.identifier.externaldocumentum090224b084b6eaa1_1_0
okr.identifier.internaldocumentum27456998
okr.identifier.report114996
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/349511494584937819/pdf/114996-WP-P163291-PUBLIC-NEUNoFinalfromPublisher.pdfen
okr.region.administrativeAfrica
okr.region.countryNigeria
okr.topicMacroeconomics and Economic Growth::Economic Growth
okr.topicMacroeconomics and Economic Growth::Economic Policy, Institutions and Governance
okr.topicMacroeconomics and Economic Growth::Economic Stabilization
okr.topicMacroeconomics and Economic Growth::Fiscal & Monetary Policy
okr.unitGMF - West and Central Africa (GMF01)
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