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.
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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In the crude oil market, OPECs weekly
basket price increased 1.07 percent from $29.02 per barrel in February 19 to
$29.33 per barrel in February 26. A combination of factors were
responsible for the slight price increase. First, a decrease in the number of
active oil rigs in the US2 (the lowest since 2009) may have
marginally eased the glut in the crude oil market. The ongoing efforts by OPEC
and other major oil producers such as Russia to freeze oil production have also
played a significant role in stemming the downward trend in oil prices. With
the current market conditions, the price of crude oil is expected to maintain a
fairly stable and modest upward trajectory in the near term.
Nigeria Economic Update (Issue 18)
Recent Data released by the Nigeria Bureau
of Statistics reveals an increase in total public debt stock between 2015 and
2016. Foreign and domestic debt stock stood at $11.4 billion and N14.0 trillion
respectively as at December 2016, from $10.7 billion and N10.5
trillionrecorded as at December 2015. Disaggregated
data shows that foreign debt sources comprised Multilateral ($8.0 billion),
Bilateral ($0.2 billion) and Exim bank of China ($3.2 billion); domestic
sources included government bonds, treasury bills and bonds. The federal
government and states accounted for 68.7% and 31.3% respectively of foreign
debt stock; 78.9% and 21.1% respectively of domestic debt stock. This maybe
particularly at the backdrop of government borrowings in 2016 to finance its
expenditure (mostly recurrent).
Gross Domestic Product Growth Rate And Contribution To GDP (Transport Sector)
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