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Nigeria: Poverty Reduction Strategy Paper: Progress Report

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  • International Monetary Fund

Abstract

This paper discusses the progress report on the National Economic Empowerment and Development Strategy (NEEDS) for Nigeria. The NEEDS 2004–07 is Nigeria’s reform based medium-term plan for economic recovery, growth, and development. Fiscal and monetary policies have been carefully managed in the implementation of NEEDS. A major budget reform introduced under NEEDS was the Oil Price Based Fiscal Rule and Medium Term Expenditure Framework (MFEF), which has enhanced macroeconomic stability by delinking government expenditure from the price of oil.

Suggested Citation

  • International Monetary Fund, 2007. "Nigeria: Poverty Reduction Strategy Paper: Progress Report," IMF Staff Country Reports 2007/270, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2007/270
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=21246
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    Cited by:

    1. Mähler, Annegret, 2010. "Nigeria: A Prime Example of the Resource Curse? Revisiting the Oil-Violence Link in the Niger Delta," GIGA Working Papers 120, GIGA German Institute of Global and Area Studies.
    2. Milica Maricic & Milica Kostic-Stankovic, 2016. "Towards an impartial Responsible Competitiveness Index: a twofold multivariate I-distance approach," Quality & Quantity: International Journal of Methodology, Springer, vol. 50(1), pages 103-120, January.

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