Agricultural sector exports increased at a remarkable pace in 2017. Total earnings from agricultural export goods grew by 181 percent to N170.4 billion1, compared to the N60.7 billion earned in 2016. The remarkable improvements in exports and export earnings reflect improvements in agricultural production and supply, at the backdrop of the provision of farm mechanization services2 and a likely boost in harvest periods during the year under review
Macroeconomic Report & Economic Updates
July 23, 2018
Nigeria Economic Update (Issue 24)
Agricultural sector exports increased at a remarkable pace in 2017. Total earnings from agricultural export goods grew by 181 percent to N170.4 billion1, compared to the N60.7 billion earned in 2016. The remarkable improvements in exports and export earnings reflect improvements in agricultural production and supply, at the backdrop of the provision of farm mechanization […]
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The Chinese Model Of Infrastructure Development In Africa
Infrastructural
development is a key step in providing a competitive business environment for
African economies. It provides the backbone for poverty reduction strategies
and programmes designed to improve the livelihood of the poor. Africa is in
dire need of infrastructural development. The absence of quality infrastructure
in the continent holds back per capita economic growth by 2 percentage points
each year and depresses firm productivity by as much as 40 percent (Escribano
et al., 2008 and Kelly, 2012). Estimates suggest that around USD 90 billion is
required to close Africas infrastructure gap annually until 2020 (AICD, 2010).
Nigeria Economic Update (Issue 30)
Power sector analysis shows an increase in
power generated by 3.01 percent from 2903.5mw to 2991.8mw between July 1, 2016
and July 8, 2016, with a peak of 3260.8mw on July 5, 2016. This is
however, still below the highest (5074.7mw) recorded in February, 2016. The
increase reflects improved use of hydro (water) for power generation.
The easing out of gas constraint occasioned by recent pipeline repairs have
also contributed to the increase in power generation. Improvements in power
generation would be sustained if hydro measures are complemented with
fast-tracked repairs on damaged gas channels and intensified efforts at
tackling pipeline sabotage.