This web page presents information about the work of the IMF in Nigeria, including the activities of the IMF Resident Representative Office. Additional information can be found on the Nigeria and IMF country page, including IMF reports and Executive Board documents that deal with Nigeria.

Nigeria and the IMF Country Page

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At a Glance

  • Current IMF membership: 191 countries
  • Date of Nigeria's membership: March 30, 1961
  • Special Drawing Rights (SDR): 3730.47 million
  • Quota (SDR): 2454.5 million
  • Latest Article IV consultation: February 16, 2023

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Office Activities

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Nigeria and the IMF

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Regional Economic Outlook for Sub-Saharan Africa

April 25, 2025

Recovery Interrupted

A hard-won recovery in sub-Saharan Africa has been overtaken by recent events. The sudden shift in the global outlook has clouded the region’s short-term prospects and made policy even more challenging. Adding to existing policy complications there is now an extra premium on resilience—a country’s ability to rebound quickly from future shocks. The region’s progress and perseverance over the past few years is notable, but continued efforts will be needed to sustain the recovery and enhance the region’s resilience. Caution, consistency, and credibility are now more important than ever.
Read the Report

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Fraudulent Scam Emails Using the Name of the IMF

We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.
For more information please see Fraudulent Scam Emails Using the Name of the IMF

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.