Project Reports
September 15, 2017
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
Related
Testing The Impact Of Foreign Aid And Aid Uncertainty On Private Investment In West Africa
The paper examines the impact
of foreign aid on private investment in West Africa and whether multilateral and
bilateral aid affects private investment differently.
Nigeria Economic Update (Issue 9)
The naira depreciated by 8.2 percent from
N305/$ on February 5th, to N330/ $ on February 12th 20166. The apex body identified the
increased domestic demand for forex to pay for foreign medical treatments and
schools fees (15 percent of total demand) 7 as the main drivers. As
a result, the apex bank is considering to discontinue the provision of forex for
payment of medical bills and school fees abroad and to re-channel the forex
towards the manufacturing sector of the economy. With the continuous
depreciation of the naira, and the CBNs resistance from calls to devalue the
currency, the options for alternatives measures seem to be diminishing.