Publications
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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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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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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Nigeria Economic Update (Issue 24)
Data from the National Bureau of Statistics (NBS) shows that the average retail price of Automotive Gas Oil (Diesel) paid by consumers in Nigeria increased by 181 percent from N238.82 in…
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On Rising inflation in Nigeria
The inflationary episode intensified after the border closure in 2019. The disproportionate impact of inflation on vulnerable households and those working in sectors with low savings, such as agriculture, have…
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Towards A Data-driven Agenda among Indigenous Businesses in Africa
African indigenous businesses (AIBs) are in the nascent stages of becoming data-driven and innovative through data analytics. The data-driven agenda looks promising in industries like manufacturing (distribution), health, agriculture, and…
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Data-Driven Enterprises in Africa: An Evaluation of Winners and Losers
The fact is that indigenous firms are still struggling to manage resources to invest in basic IT infrastructure. Hence data analytics adoption, which requires both human personnel and technical infrastructure,…
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Nigeria Economic Update (Issue 23)
The June edition of the Monthly Oil Market Report (MOMR) of the Organization of Petroleum Exporting Countries (OPEC) shows that Nigeria produced an average of 1,262 million barrels per day…
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Nigeria Economic Update (Issue 22)
The value of capital importation into Nigeria in the first quarter of 2022 (Q1 2022) decreased to US$1.57 billion from US$2.19 billion recorded in the preceding quarter.1 When compared on…
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Fiscal Analytic Snapshot: Nigeria
This brief provides an analytical snapshot of the economy and public finances in Nigeria. It is based on publicly available data produced by the Government of Nigeria, and a range…
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Nigeria Economic Update (Issue 21)
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) met on the 23rd and 24th of May 2022 to deliberate on local and global economic development. At…
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Africa: Opportunities for a robust COVID-19 recovery grounded on SDG 16
The COVID-19 pandemic has posed significant challenges for the African continent in achieving peace, justice and inclusive and effective institutions, including significant negative effects on economic, social and political conditions.…
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Nigeria Economic Update (Issue 20)
Data from the National Bureau of Statistics (NBS) shows that Nigeria’s economy grew in real terms by 3.11 percent in Q1 2022.1 The growth rate is 2.6 percent points higher…
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The Economic and Social Costs of Out of School Children in Nigeria
Out-of-school children (OOSC) has long been a global problem that affects a country in various ramifications. With 10.5 million OOSC, Nigeria is recognised to have the largest number of children…
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Increasing Access To Quality Education For Rural And Marginalised Children In West Africa — A Comparative Study Of Accelerated Education and Girls Focused Programmes in Ghana, Nigeria and Sierra Leone.
The number of out-of-school children (OOSC) in Nigeria has increased at an alarming rate over the past years, reaching approximately 10.5 million children. According to the global out-of-school statistics compiled…
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Nigeria Economic Update (Issue 19)
In August 2019, the Nigerian government closed all land borders to check the smuggling of products, especially rice and petroleum products, and other illicit cross-border activities. In December 2020, sixteen…
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