Macroeconomic Report & Economic Updates
April 28, 2016
Nigeria Economic Update (Issue 17)
Power sector analysis shows a decline
in power generated by 8.5 percent from a peak of 3,675 mw to 3,362 mw between
April 3, 2016 and April 10, 20169. This record is however still
below 5,074.7 mw- the highest peak ever attained in the country. The declining
power supply which has been attributed to vandalism of pipelines and gas
shortages, has continued to distort economic activities in the country. With
the persistent fall in electricity generation, the possibility of attaining the
targeted 10,000 mw by 201910 seems unattainable. A clear strategy towards
increasing power generation and curbing vandalism is urgently needed.
Related
Capital Importation And Budgetary Allocation (Transport Sector)
Capital Importation: Since the dramatic decline in 2013, private and government sector investments in the sector have remained low in 2016.
Budgetary Allocation: Budgetary allocations to the transpo
Nigeria Economic Update (Issue 20)
The Naira maintained slight appreciation against the dollar in the review week. At the parallel market, the value of the Naira appreciated week-on-week by 1.6 percent to exchange at N380/$ on May 19, 2017. In addition, inter-bank market rate appreciated slightly by 15kobo to N305.45/$. The appreciation in both segments of the market are favorable effects of the CBNs continued forex supply in the week under review (In a bid to further ease forex liquidity, the CBN pumped a total of $457.3 million on May 15, 2017).