Nigeria: 2020 Article IV Session Press Launch; Worker report; and Assertion by the Deputy Government Director for Nigeria

Author / Editor:

IMF. African department

Release date:

February 8, 2021

Electronic access:

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The Nigerian economy is at a critical point. A weak pre-crisis economy, characterized by falling per capita income, double-digit inflation, significant governance vulnerabilities and limited buffers, has grappled with multiple shocks from the COVID-19 pandemic. Real production is expected to shrink by 3.2 percent in 2020. A weak recovery is likely to cause per capita income to stagnate and not exceed the 2010 level in the medium term. Political adjustments and reforms are urgently needed to overcome this crisis and change the long-term lackluster course.


Country report no. 2021/033




Release date:

February 8, 2021


9781513568423 / 1934-7685

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February 09, 2021 01:16 GMT

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