Sustained political will among government and non-state actors in the policy space has been responsible for the recorded success at the federal level in the implementation of tobacco control policies. In addition, a few states have demonstrated substantial political will by enacting laws on the prohibition of smoking in public places. Given that majority of states are not politically motivated to adopt tobacco control measures, we seek to provide an understanding of what constitutes political will in Nigeria. In view of the concerns around the implementation of tobacco control policies, we also examine the factors that influence political will in order to leverage on positive forces and curb negative forces within the policy environment.
Policy Brief & Alerts
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.
All Share Index (ASI) and Market Capitalization declined by 13 percent to close at 23514.04 points and N8.09 trillion respectively at the end of the trade session on January 15. The huge drop in the Index, representing a 3-year low, led to the introduction of the Index Circuit Breakers Rule. While this policy measure may prevent huge losses in the stock market, rising concerns about macroeconomic stability in Nigeria may significantly increase the level of volatility in the stock market. This may have substantial adverse implications for investors in the Stock Exchange.
Latest Doing Business report by the World Bank ranks Nigeria as one of the top 10 economies that showed notable improvements in doing business in 2016/2017. Precisely, the report which presents quantitative indicators on business regulation compared across 190 economies and ranked Nigeria 145th - up by 24 positions from the previous report ranking, to reach its highest rank since 2013. This may not be unexpected, given that it is consequent upon various business environment reforms in 2016. Particularly, the Presidential Enabling Business Environment Council (PEBEC) set up in 2016 enacted 31 reforms to improve business(such as improving credit to small and medium-size businesses) all of were enacted into law in May 2017.