Policy Formulation (PO) in Nigeria
Nigeria: Policy Formulation (PO) was 108.69 in 2018. ▲ Rising
Policy Formulation (PO) in Nigeria, 2013–2018
Source: International Monetary Fund.
Analysis
In 2018, policy formulation (po) in Nigeria stood at 108.69. That is the highest value across all 6 years on record.
Compared with earlier readings it is up 8.7% on the previous year and up 8.7% over ten years.
Nigeria ranks 19th of 47 countries on this measure, in the middle of the range.
Policy Formulation (PO) in Nigeria, year by year
| Year | Value | Change |
|---|---|---|
| 2013 | 100 | — |
| 2014 | 100 | +0.0% |
| 2015 | 100 | +0.0% |
| 2016 | 100 | +0.0% |
| 2017 | 100 | +0.0% |
| 2018 | 108.69 | +8.7% |
Nigeria compared with similar countries
- Nigeria's 108.69 is below the median for lower middle income countries, which is 118.14, 92% of the median. (7 countries reporting)
- Nigeria's 108.69 is below the median for Sub-Saharan Africa, which is 113.41, 96% of the median. (10 countries reporting)
Countries ranked near Nigeria
More financial sector data for Nigeria
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.01 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0006 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.7387 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.01 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is policy formulation (po) in Nigeria?
- Policy formulation (po) in Nigeria was 108.69 in 2018, according to International Monetary Fund.
- What is the highest policy formulation (po) recorded in Nigeria?
- The highest recorded value was 108.69 in 2018.
- What is the lowest policy formulation (po) recorded in Nigeria?
- The lowest recorded value was 100 in 2013.
- How does Nigeria rank for policy formulation (po)?
- Nigeria ranks 19th out of 47 countries with data for 2018.
- Is policy formulation (po) rising or falling in Nigeria?
- Over the last ten years it is up 8.7%. The long-run trend across the full record is rising.
- Where does this Nigeria data come from?
- The figures come from International Monetary Fund, published as part of Policy Formulation (PO) (Index). Statizoid updates them automatically from the source API.
Download this data
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About this data
Monetary policy framework comprises the structures in place that enable and guide the conduct of monetary policy. In this project, we provide a multidimensional characterization of monetary policy frameworks across three pillars: Independence and Accountability, Policy and Operational Strategy, and Communications (IAPOC). This database covers 50 advanced economies, emerging markets, and low-income developing countries, from 2007 to 2018 (being extended).