Publications
Nigeria Economic Update (Issue 38)
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) retained the Monetary Policy Rate (MPR) at 11.5 percent during its 281st meeting 1. Similarly, other monetary parameters were…
Download ↓ Read →
Nigeria Economic Update (Issue 37)
Data on rail transportation showed that a total of 565,385 passengers travelled via the rail system in Q2 2021. This figure, when compared to 108,238 passengers recorded in Q2 2020…
Download ↓ Read →
Nigeria Economic Update (Issue 36)
Nigeria’s merchandise trade with the rest of the world grew by 23.23 percent between Q1 2021 and Q2 20211. Similarly, year-on -year merchandise trade increased by 88.71 percent between Q2…
Download ↓ Read →
Nigeria Economic Update (Issue 35)
In the second quarter of 2021, the country’s Gross Domestic Product (GDP) grew by 5.01 percent (year-on-year) in real terms, marking three consecutive quarters of growth after the negative growth…
Download ↓ Read →
Nigeria Economic Update (Issue 34)
The Central Bank of Nigeria has cautioned Microfinance Banks (MFBs) against engaging in foreign exchange (forex) transactions and other prohibited activities including wholesale banking.1 According to the circular issuing this…
Download ↓ Read →
Nigeria Economic Update (Issue 33)
According to the National Bureau of Statistics, the volume of Value-Added Tax (VAT) has risen from ₦496.39 billion to ₦512.25 billion between Q1 and Q2 2021, reflecting a 3.2 percent…
Download ↓ Read →
Nigeria Economic Update (Issue 32)
Between 2015 and 2021, Nigeria’s external debt from the World Bank and the African Development Bank nearly doubled, increasing from US$7.23 billion to US$14.35 billion. ¹ About US$11.097 billion was…
Download ↓ Read →
Nigeria Economic Update (Issue 31)
According to the National Bureau of Statistics, the total value of capital importation declined by 54 percent from US$1,905.89 million in the first quarter of 2021 to US$875.62 million in…
Download ↓ Read →
Is Africa doing enough to strengthen data governance
Although the potential of data as a resource, and digital technologies are yet to be fully exploited in the region, some progress is underway.
Download ↓ Read →
Keynote Address by Dr Ngozi Okonjo – Iweala on Data Governance in Africa – Pathways for strengthening confidence in the digital economy
There have been various conversations in recent times on the global stage, many of which I have participated actively in, around the imperative for strong efforts towards speedy economic recovery…
Download ↓ Read →
Nigeria Economic Update (Issue 30)
According to the World Bank, the participation in the Nigerian labour force has declined by about 20 million workers between 2018 and 2020.¹ Even for those within the labour force,…
Download ↓ Read →
Nigeria Economic Update (Issue 29)
The Federal Government (FG) have announced plans to increase oil reserves by 40 billion barrels by the year 2030 with aim of dominating the West African oil and gas market.¹…
Download ↓ Read →
Nigeria Economic Update (Issue 28)
Within the period of January 1 and May 31, 2021, the Nigerian Communications Commission (NCC) recorded an increase of over 400 percent in revenue budget performance in respect of spectrum…
Download ↓ Read →
Nigeria Economic Update (Issue 27)
The Federal Government has approved the Medium-Term Fiscal Framework (MTFF) for 2022-2024. The framework is based on the following key parameters: crude oil price benchmark of $57 per barrel, crude…
Download ↓ Read →
Strengthening Data Governance in Africa
This inception report focuses on the emerging trends in Africa’s digital and data environment. The study builds a case for mobilizing action at both regional and national levels, to strengthen…
Download ↓ Read →
Lessons for Macroeconomic Policy from Nigeria Amid the COVID-19 Pandemic
The COVID-19 pandemic has had severe impacts on the macroeconomy and the livelihoods of households globally. The restrictions to movement alongside the associated uncertainty stimulated a sudden decline in the…
Download ↓ Read →