Annual Report

November 6, 2017

CSEA ANNUAL REPORT

As Nigeria is currently witnessing an economic and fiscal crisis, the need for evidence-based and timely research to guide policymakers in making informed decisions have become ever more useful.  CSEA,  as  a  leading  think  tank in  Africa, with proximity to policymakers in the capital city of  Abuja,  is  increasingly  repositioning  itself  to track and   analyse  […]

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As Nigeria is currently witnessing an economic and fiscal crisis, the need for evidence-based and timely research to guide policymakers in making informed decisions have become ever more useful.  CSEA,  as  a  leading  think  tank in  Africa, with proximity to policymakers in the capital city of  Abuja,  is  increasingly  repositioning  itself  to track and   analyse   key   developments   in   the Nigerian economy, and provide actionable recommendations. Thus the centre has strengthened its organizational structure, research capacity and quality, as well as its dissemination strategy to ensure that policy-relevant research is continuously channeled into the policy space




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Nigeria Economic Update (Issue 4)

Recently released labour force report by the NBS shows a quarter-over-quarter increase in Nigerias working age and labour force population. Working population rose from 110.29 million in 2017Q2, to 111.13 million persons in 2017Q32. The working age population in 2017Q3 constituted 85.08 million persons in the labour force (an increase from 83.94 million), of which 40 percent were either unemployed or underemployed.  Thus, total employed persons in the quarter reached 69.1 million.

External Reserve

External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2