September 20, 2022

Nigeria Economic Update (Issue 34)

In the second quarter (Q2) of 2022, Nigeria’s Gross Domestic Product (GDP) grew by 3.54 percent (year-on-year) in real terms, which is an improvement compared to the 3.11 percent growth…

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September 19, 2022

Exchange Rate Volatility And Manufacturing Output In Ecowas Economies

This study examined the impact of exchange rate volatility on manufacturing output in the ECOWAS, using time series data spanning from 1970 to 2019. The study employed panel data analysis…

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September 6, 2022

Nigeria Economic Update (Issue 33)

Data from the Central Bank of Nigeria (CBN) shows that as of 17th August 2022, the official exchange rate of Naira to the US dollar was N420.83 for a dollar suggesting…

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August 31, 2022

Shaping Responsible Data Governance Institutions in Africa

Data governance frameworks, structures and implementation approaches are all institutionally driven. Building an African data economy that benefits citizens and businesses requires the existence of responsible, sustainable and robust data…

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August 30, 2022

Responsible Data Governance In Africa : Institutional gaps and capacity needs

Africa is quickly becoming the new data frontier in the face of continued increase in the deployment of digital technologies. A proportionate data governance ecosystem is, however, still lacking. The…

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August 29, 2022

Nigeria Economic Update (Issue 32)

According to the National Bureau of Statistics (NBS), Nigeria’s inflation rose to 19.64 percent in July 2022, from 18.60 recorded in June, 2022.1 This is 2.27 percentage points higher than…

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August 26, 2022

Has economic growth reduced poverty in Nigeria? A critical analysis of the last two decades

Poverty reduction has beena crucial issue at the centre of global policy development in recent years. Hence, the urgent drive to eradicate extreme poverty has drawn upon different approaches to…

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August 22, 2022

Nigeria Economic Update (Issue 31)

According to National Bureau of Statistics (NBS) data, Nigeria’s mineral production in 2021 was 89.48 million tons, which indicates a 39.19 percent improvement over the 64.29 million tons produced in…

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August 18, 2022

Nigeria Economic Update (Issue 30)

The recently released 2021 Electronic-payment Fact Sheet by the Nigerian Interbank Settlement System (NIBSS) shows that Nigerian banks had a total of 191.4 million bank accounts in 2021, out of…

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August 4, 2022

Nigeria Economic Update (Issue 29)

In line with the provisions of the Petroleum Industry Act (PIA), the Nigerian National Petroleum Corporation (NNPC) on July 16 was transformed into a new entity and regulated under the…

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July 27, 2022

Nigeria Economic Update (Issue 28)

The data from the June 2022 Money and Credit Statistics published by the Central Bank of Nigeria (CBN) shows that the net credit to the economy rose to N57.3 trillion at…

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July 24, 2022

The Boko Haram Conflict and Food Insecurity: Does Resilience Capacity Matter?

Drawing from a robust identification strategy and household panel data collected before and after households were exposed to the Boko Haram conflict, this paper addresses the question of whether resilience…

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July 23, 2022

Nigeria Economic Update (Issue 27)

According to the latest transport fare watch by the National Bureau of Statistics (NBS), the average cost of air transport was N55,906.86 in May 2022, an increase of 52.95 percent from N36,552.70…

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July 21, 2022

Nigeria Economic Update (Issue 26)

Data from the Central Bank of Nigeria (CBN) shows that at the end of the first half of 2022 (H1 2022), Nigeria’s external reserves stood at US$39.16 billion.3 This indicates…

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July 6, 2022

Nigeria Economic Update (Issue 25)

Data from the National Bureau of Statistics (NBS) show that in the first quarter of 2022, Nigeria’s value-added tax (VAT) collected by the Federal Inland Revenue Service (FIRS) stood at N588.6…

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July 5, 2022

Recovering from COVID: Building Resilience in Select African Economies

This policy insight synthesises the findings of six sub-Saharan African country case studies, analysing their government policy responses to the trade and employment shocks prompted by the COVID-19 pandemic. Vulnerability…

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