Nigeria’s infrastructure stock, comprising of roads, water-ways, seaports, airports, etc, increased slightly albeit a slower pace in recent years. At an estimated 35 percent of GDP in 2018, infrastructure stock grew marginally from the recorded 20-25 percent in 20141. The increase may be premised on slightly improved capital spending (the Federal government budgetary capital spending increased from N691 billion in 2015 to N2.2 trillion in 2017) for the four years under review. However, Nigeria’s infrastructure stock continues to be significantly lower than the recommended international benchmark of 70 percent- a point it hopes to reach by 2043 if the required annual $100 billion is invested over the next three decades.
Macroeconomic Report & Economic Updates
![](https://cseaafrica.org/wp-content/uploads/2018/09/ECONOMIC-UPDATE-ISSUE-32.png)
September 3, 2018
Nigeria Economic Update (Issue 32)
Nigeria’s infrastructure stock, comprising of roads, water-ways, seaports, airports, etc, increased slightly albeit a slower pace in recent years. At an estimated 35 percent of GDP in 2018, infrastructure stock grew marginally from the recorded 20-25 percent in 20141. The increase may be premised on slightly improved capital spending (the Federal government budgetary capital spending […]
Read →
Related
Gross Domestic Product Growth Rate And Contribution To GDP (ITC)
Gross Domestic Product Growth Rate: The information and communication sector has grown overtime but witnessed an unusual decline in 2011, which has remained low in 2016Q1 possibly due to declining con
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
External Reserve
External Reserve: External reserve picked up from its year-2000 level below $10,000 million to above $60,000 million in 2008. However, the external reserve fell deeply in 2010/11 and even further in 2