Macroeconomic Report & Economic Updates
July 24, 2017
Nigeria Economic Update (Issue 27)
The paper examines the impact of foreign aid on private investment in West Africa and whether multilateral and bilateral aid affects private investment differently.
This study conducts a policy simulation exercise on two educational assistance programmes in an effort to increase access to affordable education, access to basic education and enrollment to schools for the girl-child.
Recently released labour force report by the NBS shows a quarter-over-quarter increase in Nigerias working age and labour force population. Working population rose from 110.29 million in 2017Q2, to 111.13 million persons in 2017Q32. The working age population in 2017Q3 constituted 85.08 million persons in the labour force (an increase from 83.94 million), of which 40 percent were either unemployed or underemployed. Thus, total employed persons in the quarter reached 69.1 million.
Real GDP Growth Rate- Nigeria and selected African Economies: While GDP growth in selected African economies have generally declined at different magnitudes with the slump in commodity prices, other e