Author: Eddy Akpabio

NBS Roundtable on Statistics and M&E meeting

CSEA participated at a Roundtable on Statistics and Monitoring and Evaluation meeting organised at the National Bureau of Statistics on November 29, 2023. The NBS made a presentation on the National Strategy for the Development of Statistics (NSDS) in Nigeria (2024 – 2028), which highlights the progress that has been made in the review process and […]

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Nigeria Economic Update (Issue 46)

The average retail prices per litre of petroleum products such as Premium Motor Spirit (petrol), Automobile Gas Oil (diesel), and Household Kerosene (kerosene) generally increased in October 2023. According to the National Bureau of Statistics (NBS), the average price of petrol in October 2023 stood at N630.63, indicating an increase of about 0.71% compared with […]

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Nigeria Economic Update (Issue 45)

Data from the National Bureau of Statistics (NBS) shows that Nigeria’s headline inflation rate increased to 27.33% in October 2023 from 26.72% recorded in August 2023 and 21.09% in October 2022. The headline inflation is three times the upper bound inflation target of 9%. The data further show that food inflation stood at 31.52%. Core […]

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Renewable green hydrogen energy: performances amidst global disturbances

Green hydrogen is a promising alternative towards the global target of mitigating greenhouse gas emissions. As such, attention is geared towards green energy hydrogen technologies and markets. Invariably, this also provides investment opportunities for both institutional and private investors. To this end, seventeen green hydrogen markets are studied using network modelling techniques. Among other key […]

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Implications of Growing Wind and Solar Penetration in RetailElectricity Markets with Gradual Demand Response

Time-of-use pricing in retail electricity markets implies that wholesale market scarcity becomes easily communicated to end consumers. Yet, it is not well-understood if and how the price formation process in retail electricity markets will help to reward the demand for operational flexibility due to growth in intermittent generation. To contribute to this discussion, this paper […]

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Game of strokes: Optimal & conversion strategy algorithms with simulations & application

Strategic decision-making for sequential move games requires rationality and continuity of ra[1]tionality to guarantee maximum payoffs at all nodes/stages/levels. Rationality and continuity of rationality in a player’s behaviour are not often observed and/or maintained thus, leading to less optimal outcomes. More so, the belief in an opponent’s rationality, on the other hand, co[1]determines the level […]

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Nigeria Economic Update (Issue 44)

The October 2023 Cadre Harmonisé analysis on food insecurity conducted by the Food and Agricultural Organization (FAO) in partnership with the Nigerian government revealed that 26.5 million Nigerians will face severe food insecurity in 2024, and 9 million children are at risk of malnutrition. This implies that more than 10% of the population will likely […]

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Nigeria Economic Update (Issue 43)

Data released by the Budget Office of the Federation shows that debt service payments on external and domestic debts in the first quarter of 2023 stood at ₦1,317.08 billion, indicating an increase of ₦39.61 billion (3.10 percent) above the ₦1,227.47 billion projected for the quarter. In the period under review, the sum of ₦874.13 billion […]

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Nigeria Economic Update (Issue 42)

According to Central Bank of Nigeria (CBN) data on money and credit, Money Supply (M3) stood at N67.2 trillion in September 2023, an increase of 36.2% from N49.3 trillion in September 2022. On a monthly basis, it rose by 2.3% from N65.7 trillion in August 2023. These statistics show that monetary factors partly contribute to […]

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CSEA at the 9th Africa Think Tank Summit

The African Capacity Building Foundation (ACBF) convened the 9th edition of the Africa Think Tank Summit on November 8 to 10, 2023 in Lusaka, Zambia. The summit tagged Linking Evidence, Policies, and Practice to Contribute to the Implementation of the African Continental Free Trade Area Agreement”, provided a platform for participants to share ideas and experiences and devise implementable recommendations on what works […]

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Nigeria Economic Update (Issue 41)

According to data from the World Population Review, Nigeria has the world’s second-highest number of homeless people. 24 million Nigerians do not have homes, accounting for nearly 10% of the total population. The statistics exclude those not living in a proper home with access to some of the most basic services. Several factors contribute to […]

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Nigeria’s industries without smokestacks are delivering better economic opportunities than traditional sectors

Persistently high levels of unemployment have emerged to become a key policy challenge in Nigeria. Between 2010 and 2018, the unemployment rate rose from 5 percent to 23 percent. Worsened by the COVID-19 pandemic, the economy is simply not generating enough jobs for labor entrants, particularly women and youth. In 2020, the national unemployment rate […]

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Employment Creation Potential of Industries Without Smokestacks: a Nigeria case study

Young people under the age of 30 account for nearly 70 percent of the population of Africa, making it the world’s youngest continent (United Nations 2021). While this trend provides exciting opportunities for enhancing creativity and innovation, it comes with a high burden, as the formal education system and apprenticeship programs cannot adequately prepare a […]

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Nigeria’s post-COVID-19 Macroeconomic Policies: Are They Climate Change Friendly?

The COVID-19 pandemic has given rise to arguably the most challenging global health crisis in modern times. Its impact has been felt by most sectors of the global economy, resulting in economic decline around the world. Governments have committed at least $12 trillion towards a recovery stimulus with a focus on immediate needs, including healthcare, […]

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Nigeria Economic Update (Issue 13)

As  of  the  end  of  December  2022,  Nigeria’s  total  debt stock stood at N46.25 trillion, comprising 40.4 percent (N18.7  trillion)  in  external  debt  and  59.56  percent (N27.55  trillion)  in  domestic  debt,  according  to  data from  the  Debt  Management  Office  (DMO)1. This represents  a N6.69  trillion  (16.9  percent)  increase over the  N39.56  trillion  recorded  for  December  […]

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