Nigeria is Africa’s most populous country, with an estimated population of 190.9 million; it also has the largest economy, estimated at $376 billion in 2017 (World Bank, 2017). The economy hinges critically on the service sector, while oil is relied upon as the main source of foreign earnings. Despite its huge potential, Nigeria has failed to translate its resource endowment and strategic economic and demographic positions into sustained economic development. In fact, the country’s performance is abysmally low with regard to key development indicators. A portion (46 per cent) of its huge population is poor by World Bank definitions, and socioeconomic outcomes remain among the worst globally (World Bank, 2017). Specifically, Nigeria has the highest number of out-of-school children in the world (13 million in 2018), coupled with high rates of infant and maternal mortality (figure 1). Furthermore, the country suffers from inadequate and dilapidated infrastructure across the energy, housing and transport sectors. This is in relation to about $30 billion in budgeted spending for the 2018 fiscal year by the federal government, which reflects the enormous development financing challenges (Federal Ministry of Budget and National Planning, 2018). Despite these poor development indicators, the country has made modest progress in improving revenue streams, with recent developments in sectors other than oil such as the agriculture and mineral sectors.
Project Reports

March 21, 2019
South-South Ideas: South-South Cooperation Coherence in a Complex Assistance Framework for Development – The Case of Nigeria (2019)
Nigeria is Africa’s most populous country, with an estimated population of 190.9 million; it also has the largest economy, estimated at $376 billion in 2017 (World Bank, 2017). The economy hinges critically on the service sector, while oil is relied upon as the main source of foreign earnings. Despite its huge potential, Nigeria has failed to translate […]
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Extra-ECOWAS Trade And Investment Flows: Any Evidence Of Business Cycles Transmission
This
study investigates the effects of merchandise trade and investment flows on the
transmission of business cycles between members of ECOWAS and the major trading
partnersbetween 1985 and 2014. Total trade and FDI significantly influence the
transmission of business cycles with elasticities of 1.1% and 0.7%,
respectively in the long run. There are little variations across the major
trading partners and other measures of trade flows. Intra-industry trade flows
with all partners, EU and USA influences the cross-country business cycles with
elasticities of 1.0%, 0.5% and 1.8%, respectively.