Publications

November 25, 2019

Nigeria Economic Update (Issue 45)

Crude oil prices declined in October 2019 and is expected to fall further in 2020. The price of Nigeria’s bonny light decreased by 4 percent from $64.02 per barrel in…

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November 22, 2019

Nigeria Economic Update (Issue 44)

Total transaction at the national bourse increased by 15.95 percent from ₦121.9 billion in August 2019 to ₦141.45 billion in September 2019.1 The increase in total transaction is attributable to…

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November 7, 2019

Nigeria’s Ease of Doing Business Ranking: Behind the Numbers

On 24th October 2019, the World Bank’s 2020 Ease of Doing Business report was released announcing that Nigeria has climbed 15-places up to 131 rank out of 190 countries globally.…

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November 6, 2019

Nigeria Economic Update (Issue 43)

External/foreign reserves depleted by 0.6% to $40.7 billon for the week in review from $41.04 billion, the lowest since January 2018.3 The reserve has steadily plunged since the last week…

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October 30, 2019

Nigeria Economic Update (Issue 42)

Consumer prices for the month of September 2019 increased by 0.22 percentage points. Specifically, inflation rate increased from 11.02 percent in August to 11.24 percent in September 2019.1 The rise…

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October 21, 2019

Nigeria Economic Update (Issue 41)

Internally Generated Revenue (IGR) for the 36 states and the Federal Capital Territory (FCT) increased by 15.78 percent in the first half of 2019 relative to the second half of…

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October 21, 2019

Nigeria Education in Focus (Issue4)

Education is acknowledged largely as a significant tool because it equips students with the functional skills for decent living and generates human capital that can spur economic development. Education has…

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October 17, 2019

Is Nigeria Experiencing a Learning Crisis: New Evidence from Curriculum-based Learning Assessment

The massive expansion of education access throughout the world in the past few decades signalled a positive progress for global development through human capital accumulation. However, this same growth highlighted…

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October 16, 2019

Efficiency of Food Reserves in Enhancing Food Security in Developing Countries: The Nigerian Experience

As a policy objective, the attainment of food security in Nigeria began facing challenges prior to independence when oil exportation began in 1958. But the challenges became pronounced and persistent…

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October 15, 2019

Nigeria Economic Update (Issue 40)

Market indices at the Nigeria Stock Exchange closed downward in the trading week ended October 4, 2019. The bourse recorded a  meagre 2.48 percent decrease in twin market indices– All…

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October 9, 2019

Nigeria Economic Update (Issue 39)

The Central Bank of Nigeria (CBN) reviewed upward the minimum Loan to Deposit Ratio (LDR) target for all Deposit Money Banks (DMBs) from 60 percent to 65 percent.1 This is…

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October 8, 2019

Nigeria Economic Update (Issue 38)

The government’s new fiscal projections have been revealed in the Medium-Term Expenditure Framework (MTEF) 2020-20221. The GDP growth projection was revised downwards from 3.6% to 2.9% for the 2020 fiscal…

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October 7, 2019

Nigeria Economic Update (Issue 37)

The federal government has proposed an increase in Value Added Tax (VAT), from the current 5% to 7.2%3. The increment is linked to the implementation of Nigeria’s new minimum wage…

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September 23, 2019

Is Nigeria on track to achieving quality education for all? Drivers and implications

Quality education is a key enabler for sustainable growth and development. The 2030 Agenda rightly recognises this with SDG 4. Despite the importance accorded to education, Nigeria’s educational performance is…

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September 18, 2019

Nigeria Economic Update (Issue 36)

Capital importation into Nigeria dropped significantly in first quarter of 2019 with more than 26 states unable to attract any form of foreign investment during the quarter. At $5.82 billion,…

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September 17, 2019

The Subnational Political Resource Curse: Allocations, Internally Generated Revenue and Spending Priorities in Nigeria

Oil wealth comes with a caveat-depend on it excessively and be buffeted by oil market volatility. The 2014 oil price crash revealed that Nigeria did not heed this warning. The…

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