Publications

March 5, 2021

Nigeria Economic Update (Issue 8)

Data released by the National Bureau of Statistics indicates that Nigeria’s real Gross Domestic Product (GDP) grew by 0.11% in Q4 20201. Further disaggregation shows that the oil sector contributed…

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March 2, 2021

Nigeria Economic Update (Issue 7)

Data released by the National Bureau of Statistics revealed a decline in total disbursements from the Federation Account in 2020. The Federation Account Allocation Committee (FAAC) disbursed N4.79 trillion1 to…

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March 1, 2021

Agenda for Sustainable Economic Transformation Post-COVID-19 in Nigeria

The COVID-19 pandemic has had a debilitating effect on the Nigerian economy. Specifically, the combination of lockdown measures and the global slowdown of economic activities led to the contraction of…

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February 19, 2021

Nigeria Economic Update (Issue 6)

The International Monetary Fund (IMF) projects that Nigeria’s fiscal balance is estimated to increase considerably. More specifically, general government deficit is projected to widen from 4.8 to 5.9 percent of…

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February 16, 2021

Nigeria Economic Update (Issue 5)

Based on the recently released Corruption Perception Index (CPI) 1, Nigeria is still perceived to be among the most corrupt nations, with a ranking of 149 out of the 180…

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February 12, 2021

Does economic growth, international trade, and urbanization uphold environmental sustainability in sub-Saharan Africa? Insights from quantile and causality procedures

International trade and urbanization are increasing at an unprecedented rate in sub-Saharan Africa (SSA). The region has also witnessed a fair share of economic growth, with minimal investment and consumption…

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February 8, 2021

Nigeria Economic Update (Issue 4)

Data from the National Bureau of Statistics (NBS) shows an overall increase in tax revenues for 2020. Total revenue generated from Value Added Tax (VAT)1 and Company Income Tax (CIT)2…

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January 28, 2021

Nigeria Economic Update (Issue 3)

According to data from the National Bureau of Statistics (NBS), a 0.28% month-on-month increase in the average price of Automotive Gas Oil (diesel) was recorded as the price in December…

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January 27, 2021

Extending MSMEs’ access to trade finance under the AfCFTA

While the African Continental Free Trade Area (AfCFTA) provides opportunities for regional financial sector development, it also poses a real test for the continent’s financial system. The ability of Africa’s…

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January 25, 2021

Nigeria Economic Update (Issue 2)

Discussions are underway between the Nigerian National Petroleum Corporation (NNPC) and a range of foreign and Nigerian trading houses with the NNPC aiming to raise $1 billion oil prepayment towards…

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January 25, 2021

Nigeria Economic Update (Issue 1)

Discussions are underway between the Nigerian National Petroleum Corporation (NNPC) and a range of foreign and Nigerian trading houses with the NNPC aiming to raise $1 billion oil prepayment towards…

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January 21, 2021

Nigeria Economic Update (Issue 50)

Data from the International Monetary Fund (IMF) shows that real GDP is projected to contract by 3.25 percent at the end of 2020 due to the negative impact of the…

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January 20, 2021

Building Businesses Back Better amid COVID-19 Pandemic in Africa

This research analyses the effects of COVID-19 pandemic on micro, small and medium business activities, and its implications for how to be better prepared for possible future socioeconomic shocks, and…

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January 20, 2021

Nigeria Economic Update (Issue 49)

According to the National bureau of Statistics1, total value of Nigeria’s merchandise trade grew to N8,374.4 billion in Q3 2020, representing a 34.15% increase when compared to the previous quarter.…

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January 20, 2021

Nigeria Economic Update (Issue 48)

The Central Bank of Nigeria (CBN) is taking critical steps in efforts to close the 8.5 percent gender financial inclusion gap and achieve 95 percent financial inclusion by 2024. 34,000…

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January 20, 2021

Nigeria Economic Update (Issue 47)

Nigeria has slipped into a recession after recording two consecutive quarters of negative growth rate. Gross Domestic Product (GDP) grew by –3.62 percent in the third quarter of 2020 from…

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