Macroeconomic Report & Economic Updates

February 1, 2017

Nigeria Economic Review

Global economic growth remained
fairly stable in 2016Q3 with baseline projections for global growth at 3.1 percent and 2.4
percent by International Monetary Fund (IMF) and the World Bank respectively.
Growth in developed countries was moderate but unevenly distributed: while the
U.S and the UK showed improvements, growth in other economies remained tepid.
Among emerging countries, India witnessed higher growth while growth in China
remained constant but the Chinese Yuan continued to appreciate. Given that
India is Nigerias major crude oil importer, improving economic conditions in
India may translate into rising demand for Nigerias crude oil. However, the
continuous appreciation of the Yuan poses significant inflationary threat in
Nigeria given the high level of imports from China. Subdued global demand, weak
trade, uncertainties in commodity prices and consequences of the Brexit were
the key constraining factors to growth over the period. In addition, growth in
Sub-Saharan African countries remained generally slow on the account of low
commodity price, political turmoil, and inconsistent government policies.

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Nigeria Economic Update (Issue 2)

Inflation rate rose slightly to 9.4 percent in November 2015 from 9.3 percent in the previous month. This rise is attributed to price increase in Food and Non-Alcoholic Beverages, and Transportation costs which extends from shortages of petrol across the country. The food sub-index grew by 0.2 percentage points to 10. 1 percent while, the Core sub-index declined by 0.2 percentage points to 8.7 percent within the period. The inflationary up-tick points to the need to curtail the rising food prices by increasing the supply of petrol in the country. 

Cost Effectiveness And Benefit Cost Analysis Of Some Water Interventions In Bauchi State In Nigeria

This study presents a Cost-Effectiveness Analysis of two water interventions in Bauchi state, Nigeria aimed at reducing the incidence of and death from diarrhea disease namely: the Pipeline and Hand pump water supply schemes.

Multidimensional Impact Evaluation:

Ending (extreme) poverty in all of its forms everywhere around the world continues to dominate the International Development Agenda (UN 2015). However, while poverty is declining in much of the developing world, data from the World Development Report (WDR) Conflict, Security, and Development reveal that fragile and conflict-affected states are lagging behind. The report points out that 'Poverty rates are 20 percentage points higher in countries affected by repeated cycles of violence over the last three decades. Indeed, with the worlds extreme poor over represented in fragile and conflict-affected ,some authors argue that violent conflict is development in reverse