Project Reports

January 22, 2019

A Scoping Study of Nigeria’s Tobacco Market and Policy Space

Tobacco use and control in Nigeria and other African countries have received little attention relative to other regions like Asia and Latin America. This is due to the perceived low smoking prevalence in Africa compared to the more immediate need for interventions against infectious diseases. However, the trends are changing quickly. Economic growth rate in […]

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Tobacco use and control in Nigeria and other African countries have received little attention relative to other regions like Asia and Latin America. This is due to the perceived low smoking prevalence in Africa compared to the more immediate need for interventions against infectious diseases. However, the trends are changing quickly. Economic growth rate in Sub-Saharan Africa (SSA) nearly tripled from an average of 1.7 percent in 80s and 90s to about 4.8 percent in the 2000s and 2010s, with Nigeria growing more than five-fold from 1.2 percent to 6.7 percent within the same period (World Bank, 2018). On a similar trend, albeit of lesser magnitude, is the smoking prevalence in Nigeria which grew from 11.3 percent in 2000 to 17.4 percent in 2015 (World Bank, 2017). A combination of rising incomes, population growth, media-driven social trends, and targeted advertisement by the tobacco industry are the key drivers of the rising prevalence in SSA.




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Nigeria Economic Update (Issue 42)

The NSE market indices recorded a bear market rally for the third consecutive week in September. Specifically, All-share index and Market Capitalization increased marginally by 0.31 percent to close at 28,335.40 points and N9.73 trillion respectively on September 30, 2016. Major drivers of the rally include; increased trade-volume of financial, agricultural and consumer-goods securities. The continued rise in market indices may be connected to a sustained investor confidence in the agricultural and financial sectors on the account of the ongoing activities of the government and the CBN to stabilize the sectors.