Publications
Nigeria Economic Update (Issue 11)
Nigeria’s aviation sector witnessed substantial improvements in 2018 in both air passenger traffic and cargo movements. Figures from the Federal Airport Authorities of Nigeria show that the number of passengers…
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Nigeria Economic Update (Issue 10)
Nigeria’s balance of payment reversed into surplus in the fourth quarter of 2018, after a third-quarter negative period. As reported by the CBN balance of payment estimates showed significant improvements…
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Nigeria Education In Focus (Issue 1)
The existing education data in Nigeria are Millennium Development Goal (MDG) centric with focus on enrolment, transition and completion statistics, with no statistics on the extent of learning taking place…
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South-South Ideas: South-South Cooperation Coherence in a Complex Assistance Framework for Development – The Case of Nigeria (2019)
Nigeria is Africa’s most populous country, with an estimated population of 190.9 million; it also has the largest economy, estimated at $376 billion in 2017 (World Bank, 2017). The economy hinges critically…
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Nigeria Economic Update (Issue 9)
By year-end 2018, the country recorded a total trade value of ₦32.3 trillion1, representing 39.3% increase over the corresponding period in 2017. The volume of total merchandise trade in 2018…
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Managing Local Impacts
If managed properly, natural resource exploration could be beneficial to communities where extractive activities take place, either directly through transfer of resource revenues and corporate interventions or through the promotion…
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Nigeria Economic Update (Issue 8)
The total amount of non-performing loans (NPL) of Nigerian banks declined for the year 2018, relative to 2017. At N1.79 trillion, the stock of NPL fell by 24.2 percent from…
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Managing Natural Resources for Sustainable Development
In most business schools and development economics classes around the world, Nigeria is used as a textbook case of “resource curse”. With more than USD 1 trillion earned from oil…
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Nigeria Economic Update (Issue 7)
Nigeria’s economy has shown sustained signs of recovery. Real GDP growth rate rose Year-on-Year by 2.38 percent in 2018Q4, as against 1.81 percent recorded in the preceding quarter – an…
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Nigeria Economic Update (Issue 6)
The Nigerian economy raked in more revenue for the four quarters of 2018 fiscal year than in 2017. In the recently released economic report, the CBN reported that federally collected…
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Effects of 2019 Elections: Predicting the Economy’s Response in Nigeria
The stability of the country’s political environment is an essential element in determining and predicting the level of economic growth in a democratic economy. The traditional assumption in the political…
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Nigeria Economic Update (Issue 5)
States’ Internally Generated Revenue (IGR) declined in the third quarter 2018, replicating the same downward trend as seen in the previous quarter. IGR dropped to N264.38 billion in 2018Q3, compared…
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Nigeria Economic Update (Issue 4)
The monetary policy committee provided policy parameters at the first meeting for the 2019 fiscal year, held on 21st and 22nd January, 20191. As presumed, all parameters were left unchanged…
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Achieving Abundant and Affordable Energy in Africa: Is there a place for nuclear power in Nigeria?
Nigeria and Russia has signed agreements to set up four nuclear power plants and a Centre for Nuclear Science and Technology in Nigeria. This piece examines the prospects of nuclear…
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Nigeria Economic Update (Issue 3)
Inflation rate rose in December 2018 for the second consecutive month to 11.44 percent, 0.16 percentage points higher than the 11.28 percent recorded in November 2018.1 The rise in inflation…
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Nigeria Economic Update (Issue 2)
The amount of financial subsidy that Nigeria absorbs to maintain pump price at the official N145/litre has remained high. According to reports, the NNPC now pays N48.68 subsidy for a…
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