January 22, 2016

Trade And Foreign Direct Investment Nexus In West Africa: Does Export Category Matter?

This paper examines the effect of inward FDI in
West Africa on exports to EU countries. It investigates from a host country
perspective, the impact of FDI on different export categories: primary,
intermediate, and final goods.

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Trade and Foreign Direct Investments are the key
divers of economic integration and the globalization process. The widely held
view is that both trade and FDI are beneficial, as the former can stimulate
innovation, productivity, competitiveness, and diversification; and the latter
increases the capital stock, provides new job opportunities, and promotes the
transfer of technology. Thus there have been profound calls within
international organizations for developing countries to encourage both trade
and FDI in order achieve robust economic growth and development. However, critics argue that trade, particularly imports, can
create undue competition and stifle indigenous manufacturing; and inward FDI
can also displace domestic firms. Similarly, from a source country perspective,
outward FDI can lead to loss of jobs as multinationals move job opportunities



Nigeria Economic Update (Issue 7)

Recent domestic Crude oil statistics from the Nigerian National Petroleum Corporation (NNPC), reveals an increase in total crude oil export sales in December 2016. Relative to November 2016, total export sales of crude oil rose from $166.18 million to $195.40 million in December 2016 representing 17.6 percentage (Month-on-Month) increase. The increase is attributable to a rise in crude oil production following a drastic (Year-on-Year) reduction in pipeline vandalism in the preceding month. Given that improvement in oil revenue is critical to fiscal sustainability and external balance, intensified efforts should be implemented towards the maintenance and sustainability of peace in the Niger Delta Region.

Nigeria Economic Update (Issue 18)

Inflation rate continued its upward trajectory in the week under review. Specifically, the Consumer Price Index (CPI) increased by 1.39 per cent, from 11.38 per cent in February to 12.77 per cent in March, 20161. Remarkably, this is the highest rate since July 2012, representing a 4-year high. While both components of the CPI rose in the period, the food sub-index was largely the main driver of the increase in the CPI, with a growth rate of 1.39 per cent between February and March. The persistent scarcity in petroleum products, especially Premium Motor Spirit (PMS), has increased transportation costs and the price of food items.

MANUFACTURING SECTOR: Operating Admist Economic Recession And Rising Foreign Exchange Rates

This 2017 Manufacturing Sector survey provides an assessment of the Nigerian manufacturing sector, highlighting the key challenges facing operators within the sector. It also examines the dynamics and major development in the manufacturing sector over the last one year. Overall, the objective of the report is to provide a snapshot of the manufacturing sector in Nigeria, which will provide a framework for policy intervention by policymakers