Publications
Nigeria Economic Update (Issue 49)
The ECOWAS single currency proposed to take off in January 2020 seems unlikely1. This is partly due to the failure of member states to meet all the preliminary requirements in…
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Nigeria Economic Update (Issue 48)
The federal government has finally approved the proposed increase of Value Added Tax (VAT), from the current 5% to 7.5%1. The increment was passed in the recent 2019 financial bill…
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Nigeria Economic Update (Issue 47)
The latest GDP report released by the National Bureau of Statistics for the third quarter of 2019, indicated a 2.28% year-on-year growth from 2018Q3. Between 2019Q2 and Q3, the GDP…
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Nigeria Economic Update (Issue 46)
Following the Central Bank of Nigeria’s (CBN) restriction of the Open Market Operations (OMO) purchase by individuals and small businesses, there has been a decline in interest rates to an…
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Nigeria Economic Update (Issue 45)
Crude oil prices declined in October 2019 and is expected to fall further in 2020. The price of Nigeria’s bonny light decreased by 4 percent from $64.02 per barrel in…
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Nigeria Economic Update (Issue 44)
Total transaction at the national bourse increased by 15.95 percent from ₦121.9 billion in August 2019 to ₦141.45 billion in September 2019.1 The increase in total transaction is attributable to…
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Nigeria’s Ease of Doing Business Ranking: Behind the Numbers
On 24th October 2019, the World Bank’s 2020 Ease of Doing Business report was released announcing that Nigeria has climbed 15-places up to 131 rank out of 190 countries globally.…
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Nigeria Economic Update (Issue 43)
External/foreign reserves depleted by 0.6% to $40.7 billon for the week in review from $41.04 billion, the lowest since January 2018.3 The reserve has steadily plunged since the last week…
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Nigeria Economic Update (Issue 42)
Consumer prices for the month of September 2019 increased by 0.22 percentage points. Specifically, inflation rate increased from 11.02 percent in August to 11.24 percent in September 2019.1 The rise…
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Nigeria Economic Update (Issue 41)
Internally Generated Revenue (IGR) for the 36 states and the Federal Capital Territory (FCT) increased by 15.78 percent in the first half of 2019 relative to the second half of…
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Nigeria Education in Focus (Issue4)
Education is acknowledged largely as a significant tool because it equips students with the functional skills for decent living and generates human capital that can spur economic development. Education has…
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Opportunities and Pitfalls in Practical Translation of Youth Inclusivity for Sustainable Peacebuilding in Africa
The share of Africa’s youth in the world is expected to increase to a staggering 42 percent by 2030 and is projected to continue to grow throughout the remainder of…
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Is Nigeria Experiencing a Learning Crisis: New Evidence from Curriculum-based Learning Assessment
The massive expansion of education access throughout the world in the past few decades signalled a positive progress for global development through human capital accumulation. However, this same growth highlighted…
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Efficiency of Food Reserves in Enhancing Food Security in Developing Countries: The Nigerian Experience
As a policy objective, the attainment of food security in Nigeria began facing challenges prior to independence when oil exportation began in 1958. But the challenges became pronounced and persistent…
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Nigeria Economic Update (Issue 40)
Market indices at the Nigeria Stock Exchange closed downward in the trading week ended October 4, 2019. The bourse recorded a meagre 2.48 percent decrease in twin market indices– All…
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Nigeria Economic Update (Issue 39)
The Central Bank of Nigeria (CBN) reviewed upward the minimum Loan to Deposit Ratio (LDR) target for all Deposit Money Banks (DMBs) from 60 percent to 65 percent.1 This is…
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