Nigeria’s external reserves rose slightly to $34.49 billion on March 21, 2024. The increment could be attributed to multiple factors including inflow of foreign capital and an increase in global oil prices. Given the crucial role of foreign reserves in fulfilling import obligations and stabilizing exchange rates, the government must prioritize initiatives to bolster reserves […]
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Ending Gender-based Violence (GBV) as highlighted within SDG 5, aims to achieve gender equality and inclusion. Specifically, SDG 5.2 seeks to eliminate all forms of violence against all women and girls in the public and private spheres, including trafficking and sexual and other types of exploitation . As a result, SDG 5 acknowledges that inclusion […]
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The Central Bank of Nigeria (CBN) has revealed, in its data on movement on gross foreign reserves, that the country’s foreign reserves, which were $37.1 billion as of January 3, 2023, fell to $33.1 billion by February 8, 2024.This represents a 10.7 per cent decline ($4 billion) in foreign reserves. Consequently, the number of months […]
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The International Monetary Fund (IMF) in its World Economic Outlook Update released in January 2024, estimated that Nigeria grew at 2.8 percent in 2023 and reviewed its 2024 economic growth forecast downward by 0.1 percent from 3.1 percent projected in October 2023 to 3.0 percent in 2024. Persistent macroeconomic weaknesses, high levels of public debt, […]
DownloadCameroon, a country in Central Africa with a per capita income of around $1,564, has a population of over 28.65 million. At the outset of 2022, Cameroon boasted 10.05 million internet users, representing 36.5 percent of the country’s population. By the start of 2023, this figure had surged to 12.89 million, substantially increasing to 45.6 […]
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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 2024 and improve moderately to 2.7 percent in 2025. However, the growth projections for 2024 and 2025 are below the pre-pandemic growth rate trend of […]
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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 retail electricity markets will help to reward the demand for operational flexibility due to growth in intermittent generation. To contribute to this discussion, this paper […]
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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 also depreciated, although at a low rate. The top five worst-performing currencies identified by the World Bank are Nigeria (40%), South Sudan (33%), Burundi (27%), […]
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On Thursday, October 19, 2023, CSEA organized a workshop for government and education sector experts and stakeholders on systems thinking analysis of Nigeria’s Basic Education System. A first of its kind in Nigeria, the project is in partnership with the World Bank. This initiative responds to the identified low learning levels of students and prioritizes […]
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CSEA Communications Fellow, Evelyn Dan Epelle and Research Associate, Oluseyi Aladesanmi, joined other stakeholders convened by the Heinrich Boll Foundation and the African Network for Environment and Economic Justice (ANEEJ) in collaboration with over 55 other CSOs under the umbrella of the Network for Debt, Development and Climate Change (NDDCC), at a Stakeholder Engagement meeting […]
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CSEA hosted its founder, Dr. Ngozi Okonjo-Iweala on Wednesday, August 9, 2023 at a breakfast session in Abuja Nigeria, together with the Ambassador of the People’s Republic of China to Nigeria Mr. Cui Jianchun; Ambassador of the Czech Republic in Nigeria, H.E. Zdeněk KREJČÍ; Lukas Schifferle, Deputy Head of Mission at Embassy of Switzerland in […]
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This study examines the effect of ICT on tax revenue mobilisation in 23 sub-Saharan African countries between 2000 and 2020. To address our objectives, it utilises a feasible generalised least squares approach that accounts for both heteroscedasticity and autocorrelation challenges. Particularly, six measures of ICT (import of ICT goods, export of ICT goods, ICT trade, […]
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There was a general increase in transport fares across different modes of transportation in the country in December 2022. The report on transport fares released by the National Bureau of Statistics (NBS) in January 2023 revealed that the average fare paid by passengers for bus journey within the city per drop increased from N637.10 in […]
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According to the Food Prices Watch by the National Bureau of Statistics (NBS), the average price of some selected food items in the country rose in October 2022.1 The report showed that the average price of a 500g loaf of sliced bread rose year-on-year by 36.7% to N523.2 in October 2022. Also, 1kg of rice […]
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The 14th Africa Policy Circle conference was held in Lagos, Nigeria on the 17th and 18th of November 2022. This year’s theme, “Africa in the 2020s And Beyond-Challenges and Possibilities”, provided a platform for participants drawn from think tanks across Africa to unpack some of the critical challenges affecting the continent’s possibilities of economic recovery and ethical and political […]
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