Publications
Nigeria Economic Update(Issue 3)
The National Bureau of Statistics (NBS), in its Consumer Price Index (CPI) and Inflation report for December 2023, revealed that Nigeria’s headline inflation rate rose to 28.92 percent. On a…
Download ↓ Read →Nigeria Economic Update (Issue 2)
According to the 2024 United Nations World Economic Situation and Prospects report, global GDP growth is projected to slow from an estimated 2.7 percent in 2023 to 2.4 percent in…
Download ↓ Read →Nigeria Economic Update (Issue 1)
According to the National Bureau of Statistics (NBS), capital importation to Nigeria in Q3 2023 stood at $654.65 million, indicating a 36.45 percent decline from $1.03 billion recorded in Q2 2023 and…
Download ↓ Read →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,…
Download ↓ Read →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…
Download ↓ Read →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.…
Download ↓ Read →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…
Download ↓ Read →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…
Read →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…
Download ↓ Read →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…
Download ↓ Read →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…
Download ↓ Read →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…
Download ↓ Read →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…
Download ↓ Read →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…
Download ↓ Read →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…
Download ↓ Read →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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