August 3, 2015
Volume 2 April 2015
Crude oil price experienced a mixed week from November 18 to November 25, 2016. Specifically, OPEC basket price and Brent crude price fluctuated, to a daily average of $44.6 (from $42.33)and $48.3 (from $46.86)per barrel respectively. The present oil volatility is as a result of sell-offs, attributable to speculations/fears of an insufficient production cut by OPEC (in its bid to control oversupply) - a deal scheduled for its next meeting on November 30th 2016. This speculations have arisen due to the reluctance of major OPEC member country (Saudi Arabia) to participate in the potential oil cut dealwhich could exert a downward pressure on oil prices. However, oil prices should rise if OPEC members agree to the oil cut deal. Irrespective of the outcome of the meeting, Nigeria is exempted from the potential crude oil cut. Thus, it will be optimal for the government to act quickly to address the insurgence in the Niger Delta region, in order to raise domestic oil production as much as possible.
This report examines Federal Governments budget, appropriation and implementation in the three main social sectors of the Nigerian economy - Education, Health and Water.
This brief examines two policy alternatives which government can adopt in order to increase the enrollment of girls in the primary school and also help eliminate gender disparity in Nigerian schools: Provide free primary education with Stipends or provide free primary education with Transportation.
This brief examines Nigerias Budget 2013, entitled Budget of Fiscal Consolidation with Inclusive Growth and highlights key sectoral allocations of the budget and their targets.