Macroeconomic Report & Economic Updates
July 14, 2016
Nigeria Economic Update (Issue 30)
Power sector analysis shows an increase in
power generated by 3.01 percent from 2903.5mw to 2991.8mw between July 1, 2016
and July 8, 2016, with a peak of 3260.8mw on July 5, 2016. This is
however, still below the highest (5074.7mw) recorded in February, 2016. The
increase reflects improved use of hydro (water) for power generation.
The easing out of gas constraint occasioned by recent pipeline repairs have
also contributed to the increase in power generation. Improvements in power
generation would be sustained if hydro measures are complemented with
fast-tracked repairs on damaged gas channels and intensified efforts at
tackling pipeline sabotage.
Related
Business Confidence Index
Business Confidence Index: After its peak in 2011, business confidence fell sizeably in 2012 as well as 2015Q2. Most recently, BCI has declined to a negative levels in 2016Q1 and Q2. The recent declin
Africa Economic Update (Issue 4)
International Monetary Fund (IMF) revised down growth forecast for Sub-Saharan Africa by 0.2 percentage points, while retaining growth estimates for Nigeria and South Africa in 2017. Precisely, growth rate forecast for Africa was reduced from 2.8 percent in January 2017 forecast to 2.6 percent in April 2017 forecast while growth estimates were retained at 0.8 percent for both South Africa and Nigeria. In contrast, global economic growth outlook was increased by 0.4 percentage points from 3.1 percent to 3.5 percent within the same period. Growth in Sub-Saharan Africa is hampered by adverse cyclical and supply side factors, weak fiscal buffers and rising public debt amongst non-commodity exporters as well as severe drought was experienced in Eastern and Southern Africa