Net Domestic Credit And Currency In Circulation (CIC):
Domestic Credit (Billion )
Steadily rising domestic credit
Currency in Circulation (Billion )
Steadily rising money in circulation
Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sector credit to the Federal Government, especially through treasury bills and government bonds.
Currency in Circulation (CIC): CIC has mildly fluctuated overtime due to changes in seasonal factors and regular monetary injections/ejection into/out of the economy which leads to changes in CIC vault-cash and currency-outside-banks components. Particularly, the decline in CIC at the end of 2016Q1 is attributed to the decline in the vault cash component of CIC following monetary ejections.
Gross Federally Collected Revenue: Both oil and non-oil components of gross federal revenue fell below N40 billion in 2016, after recording a peak of N90 billion in 2013. The decline was most prominen
Capital Importation: Foreign investment into the agricultural sector was relatively flat between 2007 and 2012 but gained unusual momentum in September 2015. The spike in 2015 is likely driven by the
Capital Importation: Investment in the oil and gas sector has remained low since 2009. However, investments into the sector fell more deeply in 2015, on the account of persistent global and domestic c
Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay