International records / African Development Bank

2005-2009-Nigeria-Country Strategy Paper

Since Nigeria’s return to democracy in 1999, the Government has undertaken a wide range of macro-economic and structural reforms. Economic growth during 2000-2004 was satisfactory, averaging 4.8 percent annually, and fiscal deficits continuously declined since 2003, reflecting the Government’s prudent monetary and fiscal stance pursued over the recent past. Important structural reforms have been undertaken since 2000 in the areas of privatization and deregulation, governance, civil service and public resource management, thereby improving efficiency, transparency and accountability of the publ…