Macroeconomic Report & Economic Updates
November 7, 2016
Nigeria Economic Update (Issue 46)
The
Executive council recently approved a three-year external borrowing plan
(2016-2018) which specifies external borrowing of approximately $30 billion (to
be sourced mostly from MDBs) for infrastructure development.
Although, the plan is yet to be approved by the Senate, the planned concessional
loans for infrastructural development would imply inflows of foreign exchange which
could help moderate the exchange rate volatilities in the near term, and offer
potential improvement in business productivity and job creation.
Related
Economic Growth And Job Creation (2012 Q3 To 2013 Q4)
This report examines the pattern of
economic growth and employment generation in Nigeria based on quarterly data.
It also analyzes the quality of job creation, dynamics of output and employment
and establishes the link or absence thereof between economic growth and labor
demand.
Public Debt-to-GDP Ratio
Public Debt-to-GDP Ratio: The ratio of Nigerias cumulative government debt to national GDP has maintained an upward trend indicating the countrys declining economic productivity and ability to repay