Oil price booms have previously supported the Nigerian economy, but this has not been the case since 2021. Instead, macroeconomic stability has weakened amidst declining oil production, costly fuel subsidies, exchange rate distortions, and monetization of the fiscal deficit. The deteriorating economic environment is leaving millions of Nigerians in poverty. Risks are tilted to the downside given the lack of macro-fiscal reforms, the naira demonetization...
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2023/04/01
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Brief
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181380
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1
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2023/04/14
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Disclosed
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Macro Poverty Outlook for Nigeria : April 2023
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World Bank.
Macro Poverty Outlook for Nigeria : April 2023 (English). Macro Poverty Outlook (MPO) Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099501404132315331