The Centre for the Study of the Economies of Africa hosted a hybrid presentation as part of our Bi-monthly seminar in collaboration with African School of Economics. The presentation featured the recent Nigeria development update  released by the World Bank in June.

The speakers were Gloria Joseph-Raji (Senior Economist) and Miguel Saldaraigga (Country Economist) from The World Bank.
The presentation highlighted improved growth prospects for the year in tandem with the previous update. However, inflationary, fiscal and foreign exchange pressures have increased considerably leaving the economy more vulnerable.

The presenters also identified the possibilities of lower revenue irrespective of higher oil prices. This is a consequence of larger petrol subsidy and lower production.

To address these key challenges, the report recommended three priorities including reducing inflation, addressing fiscal pressure, and catalyzing private investment to boost job creation.

To access the report and previous editions of the Nigeria Development update, visit:
https://lnkd.in/dKUwnw2P