Publications

January 4, 2024

Nigeria Economic Update (Issue 49)

In its latest Nigeria Development Update, the World Bank revealed that 24 million Nigerians had been pushed below the poverty line in 5 years – between 2018 and 2023. In tandem,…

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December 23, 2023

Nigeria Economic Update Issue 48

President Bola Ahmed Tinubu, on the 29th of November 2023, presented the 2024 budget before the joint session of the National Assembly. The budget is the largest in Nigeria’s history…

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December 23, 2023

Nigeria Economic Update (Issue 47)

Data from the National Oil Spill Detection and Response Agency (NOSDRA) reveals that 156 oil spill incidents were reported between September and November 2023, costing the waste of about 2792.51 barrels of crude oil.…

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December 20, 2023

Unlocking stronger institutions, policies and citizen participation in Africa for a more effective data driven public sector

This brief evaluates the current state of enabling institutions, policies, and citizen engagement, in fostering greater data value creation in the public sector. Based on our analysis of selected sub…

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December 20, 2023

Implementing the AfCFTA Agreement: Implications for Biodiversity, Agriculture and Trade Negotiations

This policy insights examines the potential impact of the African Continental Free Trade Area, and its underlying agreement, on biodiversity, agriculture and food security in Africa. It highlights the significant…

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December 13, 2023

Nigeria Economic Update (Issue 46)

The average retail prices per litre of petroleum products such as Premium Motor Spirit (petrol), Automobile Gas Oil (diesel), and Household Kerosene (kerosene) generally increased in October 2023. According to…

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December 8, 2023

Nigeria Economic Update (Issue 45)

Data from the National Bureau of Statistics (NBS) shows that Nigeria’s headline inflation rate increased to 27.33% in October 2023 from 26.72% recorded in August 2023 and 21.09% in October…

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December 7, 2023

Renewable green hydrogen energy: performances amidst global disturbances

Green hydrogen is a promising alternative towards the global target of mitigating greenhouse gas emissions. As such, attention is geared towards green energy hydrogen technologies and markets. Invariably, this also…

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December 3, 2023

Implications of Growing Wind and Solar Penetration in RetailElectricity Markets with Gradual Demand Response

Time-of-use pricing in retail electricity markets implies that wholesale market scarcity becomes easily communicated to end consumers. Yet, it is not well-understood if and how the price formation process in…

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November 30, 2023

Game of strokes: Optimal & conversion strategy algorithms with simulations & application

Strategic decision-making for sequential move games requires rationality and continuity of ra[1]tionality to guarantee maximum payoffs at all nodes/stages/levels. Rationality and continuity of rationality in a player’s behaviour are not…

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November 29, 2023

Generative AI for Long-Term Advancement and Inclusive Transformation: Empowering Africa’s Future

This policy insight highlights the impact of generative Artificial Intelligence (AI) on various sectors of the African economy and identifies some of the factors limiting the responsible adoption and growth…

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November 28, 2023

Nigeria Economic Update (Issue 44)

The October 2023 Cadre Harmonisé analysis on food insecurity conducted by the Food and Agricultural Organization (FAO) in partnership with the Nigerian government revealed that 26.5 million Nigerians will face…

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November 27, 2023

Nigeria Economic Update (Issue 43)

Data released by the Budget Office of the Federation shows that debt service payments on external and domestic debts in the first quarter of 2023 stood at ₦1,317.08 billion, indicating…

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November 27, 2023

Nigeria Economic Update (Issue 42)

According to Central Bank of Nigeria (CBN) data on money and credit, Money Supply (M3) stood at N67.2 trillion in September 2023, an increase of 36.2% from N49.3 trillion in…

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November 14, 2023

Nigeria Economic Update (Issue 41)

According to data from the World Population Review, Nigeria has the world’s second-highest number of homeless people. 24 million Nigerians do not have homes, accounting for nearly 10% of the…

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October 27, 2023

Nigeria Economic Update (Issue 40)

According to the World Bank, the Nigerian currency (naira) has depreciated by almost 40% since the beginning of 2023. The depreciation is not only limited to Nigeria. Other African countries’ currencies…

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