Journal Articles and Book Chapters

December 18, 2018

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

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 […]

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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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The nations foreign reserves have been on a steady rise. In the review week, reserves increased by $415.2 million from $28.3 billion on February 3, 2017 to $28.8 billion on February 10, 2017. The increase is likely the reflection of a sustained crude oil revenue complemented by moderating global crude oil price and increasing domestic production. This should help strengthen the ability of the CBN to foster forex liquidity, and thus help maintain stability in the domestic forex market. If sustained, it should also help improve the value of the naira overtime. Hence, the government should implement proactive and effective policy strategies to, not only, sustain improvements in oil revenue but also boost non-oil revenue.

Nigeria Economic Update (Issue 9)

The naira depreciated by 8.2 percent from N305/$ on February 5th, to N330/ $ on February 12th 20166. The apex body identified the increased domestic demand for forex to pay for foreign medical treatments and schools fees (15 percent of total demand) 7 as the main drivers. As a result, the apex bank is considering to discontinue the provision of forex for payment of medical bills and school fees abroad and to re-channel the forex towards the manufacturing sector of the economy. With the continuous depreciation of the naira, and the CBNs resistance from calls to devalue the currency, the options for alternatives measures seem to be diminishing.

Enhancing Oil Sector Governance In Nigeria Through Transparency Reforms

The paper highlights the importance of oil sector transparency in order to support governments push towards structural reforms and inclusive growth.

Nigeria Economic Update (Issue 22)

Power sector analysis shows a decline in power generated by 15.07 percent from a peak of 3,424 mw to 2,908 mw between May 8, 2016 and May 15, 20169. The declining power supply is attributable to vandalism of pipelines and gas shortages, which has a debilitating effect on power generation. As part of the efforts by the Federal Government to improve power supply in the country, the Bank of Industry (BoI) is currently funding intervention projects to provide alternative source of energy (solar) in rural areas across the country10. Since the major problem facing power generation in the country is gas shortages, the government should make concerted efforts to combat vandalism.