02147cas a2200241 a 4500 AALejournalIMF019181 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498306140 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Nigeria : 2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Nigeria. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (105 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Article IV Consultation highlights that Nigeria's economy is still recovering from the substantial terms-of-trade shock that triggered the 2016 recession. Persistent structural and policy challenges constrain growth to below the level needed to reduce vulnerabilities and improve development outcomes. With elections now complete, there is a greater chance for faster policy implementation. The authorities' Economic Recovery and Growth Plan priorities remain appropriate and should be urgently implemented. Revenue-based fiscal consolidation would be required to create space for higher capital and priority spending while improving spending efficiency and strengthening governance. A comprehensive package of urgent policy reforms is required to address vulnerabilities and raise growth over the medium term. The IMF staff suggested that strengthening banking sector resilience requires increasing capital buffers. This includes extending the no dividend distribution rule to all banks with high restructured loans. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2019/092 Full text available on IMF http://elibrary.imf.org/view/journals/002/2019/092/002.2019.issue-092-en.xml IMF e-Library