Nigeria’s macroeconomic crisis explained

Vista sencilla de ítem
dc.creatorArndt, Channing
dc.creatorChuku, Chuku
dc.creatorAdeniran, Adedeji
dc.creatorAdetutu, Morakinyo
dc.creatorAjayl, Victor
dc.creatorMavrotas, George
dc.creatorOnyekwena, Chukwuka
dc.date2018-09-06
dc.date2024-06-21T09:04:33Z
dc.date2024-06-21T09:04:33Z
dc.date.accessioned2026-06-27T15:17:34Z
dc.descriptionNigeria confronts a prolonged period of adjustment. For more than a generation, the oil sector generated large volumes of foreign exchange. However, with the recent bust in global oil prices and the resumed restiveness in the oil rich Niger-Delta region since 2014, Nigeria was thrust into macroeconomic crisis. Four years on, we argue that policymakers effectively responded to the dual shocks mainly through import compression. However, the scope for continued import compression is now distinctly limited. For Nigeria to grow and prosper, the long-discussed diversification of the export base must occur via rapid expansion of non-oil exports.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/145481
dc.identifier.urihttp://hdl.handle.net/123456789/100168
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceArndt, Channing; Chuku, Chuku; Adeniran, Adedeji; Adetutu, Morakinyo; Ajayl, Victor; Mavrotas, George; and Onyekwena, Chukwuka. 2018. Nigeria’s macroeconomic crisis explained. NSSP Working Paper 52. Washington, DC: International Food Policy Research Institute (IFPRI). https://hdl.handle.net/10568/145481
dc.subjectexport controls
dc.subjecteconomic development
dc.subjectmacroeconomics
dc.subjectoil
dc.subjectoil and gas industry
dc.subjectexchange rate
dc.subjectprices
dc.subjectinternational trade
dc.titleNigeria’s macroeconomic crisis explained
dc.typeWorking Paper

Archivos

Colecciones

Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)