Policy Brief & Alerts

December 22, 2011

Nigerias Budget For 2012: Inclusive Growth And Job Creation

This brief examines Budget 2012 and highlights key structural and institutional
challenges that have been militating against the achievement of inclusive growth
and employment generation as listed in the budget.

Read →

Publication Date:December, 2011

Volume Number:1 Issue 3

Document Size: 5 pages

On December 13, 2011, the president presented the FY2012 budget to the jointsession of the national assembly. The budget entitled Budget of FiscalConsolidation, Inclusive Growthand Job Creation is anchored on 4 main pillarsnamely: macroeconomic stability, structural reforms, governance andinstitutions, and investment in priority sectors in line with the overalltransformation agenda of the administration. The budget clearly identified andaddressed key structural and institutional challenges that have been militatingagainst the achievement of inclusive growth and employment generation. Therevenue forecast is N3.644trn while planned expenditure is N4.749trn, implyinga deficit of N1.105trn or 2.77% of GDP. This deficit level is lower than the 2.96%recorded in 2011 in line with the Fiscal Responsibility Act 2007, and showsgovernments commitment to fiscal discipline. However, the size of the deficitmay increase if the National Assembly decides to add fuel subsidy to the budget.

 



Related

 

Nigeria Economic Update (Issue 25)

Naira appreciated in the week under review. At the parallel market, naira gained 0.54 percent to exchange at N368/$ on June 23, 20175. This is at the backdrop of injections into the forex market by the CBN to the tune of $195 million at the beginning of the review week, to meet various forex demands. This is amid a slight week-on-week increase in the external reserves (by 0.1 percent to $30.23 billion). Despite the recent naira appreciation, the long-term prospects seem bleak given that the ongoing intervention that seeks to stabilize naira by depleting reserves is unsustainable.

Increasing Measles Immunization Coverage In Borno State Nigeria: Some Policy Options

This brief examines two measles immunization programs for children of age 9-23 months in an effort to boost measles immunization coverage in Borno State: free immunization against measles with media awareness campaign and free immunization against measles with house to house campaign.

Regional Trade For Inclusive Development In West Africa

This study examines the potential of regional trade in facilitating the achievement of inclusive development in the West African region. It employs descriptive analysis to examine the nature, composition and dimension of ECOWAS trade within the group and with the rest of the world, vis--vis three other Regional Economic Communities (RECs) in sub-Saharan Africa (SSA). From the preliminary study, it can be observed that the growth rate of West African economies is increasing, but the rising economic growth does not translate to improvement in inclusive development, as there was no significant reduction in poverty levels in the region. Further evidence reveals that extra-regional trade of the region is increasing at a very high rate, and also at a disproportionate rate with intra-regional trade, compared with SADC. This indicates the existence of opportunity to boost regional trade for inclusive development through conversion of part of the extra-regional trade into regional trade.

Nigeria Economic Update (Issue 43)