Central Bank of Nigeria


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Monetary Policy

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The Conduct of Fiscal Policy

Fiscal Policy 1991
The 1991 fiscal policy measures addressed trade and related policy issues designed to further streamline the operations of a deregulated economy for increased efficiency, productivity and creation of more employment opportunities. In order to sustain the achievements of SAP, government also decided to pursue a growth-oriented public policy that was stable, consistent and predictable.

The retained revenue of the Federal Government amounted to N32,223.5 million in 1991. This showed a decrease of N7,243.7 million or 18.4 per cent level in 1990. The total expenditure of the Federal Government rose to N67,530.4 million which was N6,381.3 million or 10.4 per cent higher than that of 1990.In all, the fiscal operation of the government resulted in a deficit of N35,306.9 million compared with N21, 681.9 million in 1990

Facts : 1/1/1900
Paris Club of Creditors:The club represents only government guaranteed creditors. Members include the United States of America, United Kingdom, Germany, France and Canada, who guarantee the export activities of their nationals. When the recipient nation s government is unable to pay the equivalent of the imports domestic currency cover, it becomes government debt owed to creditor nations. The first Paris Club meeting was held in 1956.
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Related Links
History of Nigerian Currency
Issue System
Currency Gallery
1965 Notes and Coins
1959 Notes and Coins
1968 Notes and Coins
1973 Notes and Coins
1977 Notes and Coins
1979 Notes and Coins
1984 Notes and Coins
pre-1912 Forms of Money in Nigeria

Contact Us

We are open for business Monday through Friday except on national holidays. Official visiting days are Tuesdays and Thursdays by appointment only. Our working hours are from 8:00a.m. - 4:00p.m.

Address

Central Bank of Nigeria
Plot 33,
Abubakar Tafawa Balewa Way
Central Business District,
Cadastral Zone,
Abuja,
Federal Capital Territory,
Nigeria

Post Office Box

P.M.B. 0187,
Garki Abuja.
Nigeria

Phones

General Switch Board:
See Reception Desk below

Authorized Dealer Enquires
+234 9 462 37804,
+234 9 462 37802

Commercial Agricultural Credit Scheme (CACS)
+234 9 46237602

Corporate Communications
+234 9 462 36011
Fax: +234 9 462 36012
cad@cbn.gov.ng

Complaints Against Financial Institutions
cpd@cbn.gov.ng

Forex Helpdesk
+234 9 462 37827
+234 9 462 37831

Reception Desk
+234 9 462 39701-02