Publication

This publication examines Nigeria’s status as a middle-income country at the World Bank. The authors argue that under the World Bank’s own criteria, Nigeria has a strong case for reclassification. IDA (International Development Association) status would have two potential benefits for Nigeria. First, it would expand Nigeria’s access to IDA resources and make the country eligible for grants. Second, it would strengthen Nigeria’s case for debt reduction. Thus the publication concludes that the UK, the US and other official creditors should support Nigeria’s transition to an IDA-only country in order to encourage progress in one of Africa’s most important countries.