Podcast: Covid, conflict and oil – a Nigerian economic story

While the Government’s response had proved effective at containing the Ebola virus just a handful of years earlier, Dr. Adeniran describes how it soon became clear that this new shock brought new challenges – as well as aggravating emerging ones.

2019 saw some of the fastest growth to the Nigerian economy since the recession of 2014/15, with growth consistently at an annualised 2% every quarter that year, sparking a sense that the country was on a path to recovery.

This optimism proved short-lived, however, when the pandemic and resulting global recession struck, exposing Nigeria’s already highly constrained fiscal space and a lack of response possibilities.

In this illuminating episode, Dr. Adeniran, describes how the limited options left to the government have acted to emphasise a trend that was already emerging within the country: the rise of a ‘new urban poor’.

Despite the promising economic growth witnessed just before the pandemic, government finances weren’t keeping up and, with a growing population, GDP per capita continued to fall, with those in the informal urban sector hit the hardest. Covid simply acted to build on this, tipping those not already classed as poor into poverty.

In this episode we find out what this all means for Nigeria’s recovery prospects, and how this is likely to play out against the backdrop of another global crisis: the Russia-Ukraine conflict.

In a country where oil still contributes more than 50% of revenue, despite accounting for less than 10% to GDP, how will the conflict’s effect on fuel prices affect the Nigerian economy? Is there scope for the Government to harness rising international demand to help redress fiscal imbalances and set the country on course for Covid recovery?

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New tools for understanding learning crisis in Nigeria Workshop

The Centre for the Study of Economies of Africa (CSEA) in collaboration with Research on Improving Systems in Education (RISE) and Blavatnik School of Government, University of Oxford, organized a two-day intensive workshop titled “New tools for understanding learning crisis in Nigeria”.

The workshop convened key stakeholders in education from the private and public sectors to introduce the concept of learning pathways amongst students and other modern approaches to understanding the range of learning difficulties in Nigeria. Participants were also taught how to apply and use these tools to shape policies in education.

The workshop was held on the 31st January and 1st February 2022 and is intended to serve as a first step towards embedding learning pathways into education policy analysis in Nigeria.

 

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DIG INTO THE FACTS WITH PROFESSOR PROBE| Episode 4

DID YOU KNOW? 1 in 5 out-of-school children globally is in Nigeria? Poverty, cultural practices and limited supply, including targeted kidnappings and Insurgency in recent times, have aggravated the education crisis . Accelerated Learning can help mitigate learning losses. Dig into the facts in Episode 4 of the Professor Probe Series

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DIG INTO THE FACTS WITH PROFESSOR PROBE. Episode 3

DID YOU KNOW? Africa’s digital economy has the potential to reach 5.2 percent of the continent’s GDP by 2025, amounting to US$180 billion. #DigIntoTheFacts in Episode 3 of the Professor Probe Series.

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Dig Into The Facts With Professor Probe 2

DID YOU KNOW? The African Continental Free Trade Agreement #afcfta, is expected to boost intra-African trade by 52 percent by 2022?

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