Journal Articles and Book Chapters

December 18, 2018

Developing a Human Development Index (HDI) for the Nigerian States: Conceptual Approach and Preliminary Evidence

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This study develops a comparable Human Development Index for subnational government in Nigeria. While built on the UNDP approach, we extend the generic framework to address challenges at the subnational level such as comparable indicator, data unavailability and estimation technique. The result shows wide disparity across states in their human development, with states within the southern region recording more impressive performance. We further examine the key economic and political drivers of the observed variations across state and found fiscal sustainability and geopolitical zoning as the key determinants.

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Capital Importation And Gross Domestic Product Growth Rate And Contribution To GDP

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Nigeria Economic Update (Issue 51)

Recently released data by the National Bureau of Statistics (NBS) shows that there was significant increase in Nigerias total merchandise trade for 2016Q3. Basically, the total merchandise trade increased (quarter-on-quarter) by 16.29 percent to N4, 722 billion in 2016Q3;owing to 29.1 percent increase in exports and 6.2 percent rise in imports. Oil exports increased by 31 percent to N1, 943 billion, while non-oil exports increased by 20.5 percent to N440 billion. However, on the aggregate, Nigeria recorded yet another trade deficit of N104 billion, indicating continuous higher imports relative to exports. Overall, though there is improvement in the performance of non-oil sector, however, this is insufficient to effectively complement the loss in oil trade sustained since the beginning of oil price crash. This suggests that diversification into non-oil sector may not be able to rescue the economy in the short term. However, while the diversification efforts should be sustained, eliminating hurdles in oil production may be instrumental to higher exports, especially as oil price increase is gaining momentum.