March 16, 2021

Nigeria Economic Update (Issue 9)

The World Bank’s Women, Business, and Law (WBL) 2020 index which measures the laws and regulations that affect women’s economic opportunity show that Nigeria scores 63.1 out of 100. This is lower than the sub-Saharan Africa regional average of 71 and the same score as the previous year.1 Nigeria’s performance varies across the several legal indicators including laws addressing the constraints to freedom of movement (50), women’s decision to work (75), women’s pay (50), women’s work after marriage (100), women’s work after having children (0), constraints on women starting and running a business (75), gender differences in property and inheritance (80), and affecting the size of a woman’s pension (75). Improvements in opportunities that accrue to women are underpinned by cultural and social shifts that close gender bias not only in the economy, but also in society and politics. To spur these shifts, the media and Civil Society Organizations (CSOs) should promote gender equal narratives, while the private sector and government should redesign policies to create more and better opportunities for women.

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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.

Nigeria Economic Review (First Half Report 2014)

Globally, advanced economies showed strong signs of recovery during 2014H1 despite the adverse effect of the severe winter (especially on the United States economy) while economic activities slowed and growth was below projection in emerging and developing economies.