Annual Report

November 6, 2017

CSEA ANNUAL REPORT

As Nigeria is currently witnessing an economic and fiscal crisis, the need for evidence-based and timely research to guide policymakers in making informed decisions have become ever more useful.  CSEA,  as  a  leading  think  tank in  Africa, with proximity to policymakers in the capital city of  Abuja,  is  increasingly  repositioning  itself  to track and   analyse  […]

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As Nigeria is currently witnessing an economic and fiscal crisis, the need for evidence-based and timely research to guide policymakers in making informed decisions have become ever more useful.  CSEA,  as  a  leading  think  tank in  Africa, with proximity to policymakers in the capital city of  Abuja,  is  increasingly  repositioning  itself  to track and   analyse   key   developments   in   the Nigerian economy, and provide actionable recommendations. Thus the centre has strengthened its organizational structure, research capacity and quality, as well as its dissemination strategy to ensure that policy-relevant research is continuously channeled into the policy space




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Nigeria Economic Update (Issue 3)

Recently released inflation rate report by the NBS shows a further decline in consumer price index in December 2017. At 15.37 percent, the CPI was 0.53 percentage points lower than the 15.90 percent recorded in November 2017. The food sub-index decreased to 19.42 percent from 20.21 percent, indicating reduced pressure on food prices in the review period. Core sub-index fell slightly to 12.1 percent from 12.21 percent in the preceding month. Going forward, the ability of the Central Bank of Nigeria (CBN) to control inflation in 2018 may be hampered by monetary injections by the government and politicians towards budgetary expenditure and election campaigns, respectively.