Macroeconomic Report & Economic Updates
April 5, 2016
Nigeria Economic Update (Issue 14)
The
considerable increase in inflation continued to be driven by
exchange-rate-pass-through from imported items as well as the lingering
scarcity in the availability of Premium Motor Spirit (PMS). One of the key ways
to reduce inflationary pressures in the near term is to improve the supply of
PMS to filling stations. In the medium to long term, the Nigerian National
Petroleum Corporation (NNPC) may need to revitalize local refining and bridge
the gap between the supply and demand for PMS by households and businesses.
Related
Nigeria Economic Update (Issue 36)
Power sector statistics
show a significant increase in power generated from August 12 to August 19,
2016. Precisely, power generated increased by 2.2 percent to 3953.6MW(a
4-month high). Increased water reserves in dams for hydro generating plants occasioned
by seasonal adjustments (rainy season), led to improved power generation.
Additionally, in a bid to further improve and sustain power generation, the
federal government received a $100 million credit facility from India.
However, consistent power supply could be jeopardized if the development is not
aided by improved distribution by DISCOs.
Net Domestic Credit And Currency In Circulation (CIC):
Net Domestic Credit: Rising net credit to government and private sector have driven the upward trend in NDC, especially post-2008. In 2016Q1, NDC grew largely on the account of the rise in banking sec
Nigerias Budget For 2012: Inclusive Growth And Job Creation
This brief examines Budget 2012 and highlights key structural and institutional
challenges that have been militating against the achievement of inclusive growth
and employment generation as listed in the budget.