Africa

Nigeria Economic Update (Issue 41)

According to data from the World Population Review, Nigeria has the world’s second-highest number of homeless people. 24 million Nigerians do not have homes, accounting for nearly 10% of the total population. The statistics exclude those not living in a proper home with access to some of the most basic services. Several factors contribute to […]

Download

Nigeria Economic Update (Issue 39)

According to the latest Transport Fare Watch of the National Bureau of Statistics (NBS), transportation costs increased significantly in August 2023. The average fare paid by bus passengers within the city increased by 121.81% year-on-year from N602.48 in August 2022 to N1,336.38 in August 2023. Similarly, the average fare paid by commuters for intercity bus […]

Download

Nigeria Economic Update (Issue 37)

Data from the September 2023 report of the Organization of Petroleum Exporting Countries (OPEC)shows that Nigeria’s oil output rose by 9.3% from 1.08 mb/d recorded in July to 1.18 million barrels per day (mb/d) in August 2023. However, oil output still falls short of the 1.74 mb/d quota allocated to Nigeria by OPEC and far […]

Download

Nigeria Economic Update (Issue 36)

According to the rail transport data released by the National Bureau of Statistics (NBS) in Q2 2023, the volume of goods/cargos transported for Q2 2023 reached 56,029 tons, compared to 31,197 tons in Q2 2022, showcasing a substantial growth trend. Similarly, goods/cargo revenue collected in Q2 2023 was N188.03 million, up by 105.04% from N91.70 million in Q2 […]

Download

Press Release: Aligning Nigeria’s Debt Reduction Policies with Gender and Climate Goals

In a groundbreaking report dissemination event titled “Towards Reconciling Economic and Debt Management Policies with Gender and Climate Objectives in Nigeria,” experts and other stakeholders convened in Abuja on Wednesday, September 6 2023, to deliberate research findings from a three-fold report that shed light on fundamental fiscal policy options for growing out debt in Nigeria.

Download

The State of Digital Education in Africa

In a rapidly evolving global landscape, where digitalization and the corresponding skill sets are gaining significance in the transformative process of economies, the role of digitalization in shaping labor markets and economies, both at a regional and global level, cannot be underestimated. Africa is witnessing a digital revolution, with technology playing a vital role in […]

Read More

Why we need to unlock data’s potential responsibly and inclusively

In today’s digital age, data has become an invaluable asset, driving innovation, economic growth, and societal development. Africa, with its vast population and diverse landscapes, holds immense potential for leveraging data to transform various sectors. However, to harness the power of data effectively, responsible data governance is essential. This blog post explores the concept of […]

Read More

Nigeria’s industries without smokestacks are delivering better economic opportunities than traditional sectors

Persistently high levels of unemployment have emerged to become a key policy challenge in Nigeria. Between 2010 and 2018, the unemployment rate rose from 5 percent to 23 percent. Worsened by the COVID-19 pandemic, the economy is simply not generating enough jobs for labor entrants, particularly women and youth. In 2020, the national unemployment rate […]

Read More

Employment Creation Potential of Industries Without Smokestacks: a Nigeria case study

Young people under the age of 30 account for nearly 70 percent of the population of Africa, making it the world’s youngest continent (United Nations 2021). While this trend provides exciting opportunities for enhancing creativity and innovation, it comes with a high burden, as the formal education system and apprenticeship programs cannot adequately prepare a […]

Read More

Redefining our priorities: Food, not tobacco

Nigeria has a population of over 200 million people and is one of the largest producers of tobacco in Africa. However, Nigeria faces significant challenges in achieving food security. With a growing population, there is a need for Nigeria to prioritise food production over tobacco farming. This is because about 40 percent of Nigerians are […]

Read More

World Water Day 2023: Accelerating Efforts towards Achieving SDG 6 in Nigeria

Access to clean water and sanitation is a basic human right. Nonetheless, it remains a challenge for millions worldwide, with approximately 2 billion people still lacking access to safely managed drinking water services as of 2020, and an estimated  4.2 billion people lack access to safe sanitation facilities (Sustainable Development Goals Report, 2022). This crisis […]

Read More

Building a more Inclusive Digital Future for Women in the Global South

The advent of digital innovation has revolutionised our world, bringing immense benefits to individuals, societies, and economies. It has boosted efficiency and productivity and fostered opportunities for creativity and expansion. Additionally, it has facilitated connectivity, broken down geographical barriers, and enabled cultural exchange. The development of digital innovation has also unlocked new opportunities, particularly in […]

Read More

Nigeria Economic Update (Issue 50)

Data from the Nigeria Inter-Bank Settlement Systems (NIBSS) shows that transactions performed electronically through the NIBSS Instant Payment platform (NIP) in Nigeria grew to N38.9 trillion in November 2022, which is 12.7 percent higher than the N34.5 trillion recorded in October 20222. On a year-on-year (YoY) basis, the N38.9 trillion value of e-payments increased 50 […]

Download

Employment Creation Potential of Industries Without Smokestacks: A Nigeria Case Study

This report examines the potential for industries without smokestacks (IWOSS) in creating large-scale job opportunities in Nigeria, particularly for the young and female population subgroups. With the emergence of technology and shifts in the global economy, the relevance of some industries in economic development have increased. These industries are codified as IWOSS. IWOSS are sectors […]

Read More

Learning trajectories: A practical tool for tracking learning and taking action

Learning trajectories are graphs that show how many children achieve a certain level of minimum proficiency at each grade. While learning trajectories have previously been used for research, two new efforts show that they can also serve as practical tools to analyse the learning crisis and take informed action. First, the Research on Improving Systems of Education […]

Read More

Cross-Border Data Flows in Africa: Policy Considerations for the Afcfta Protocol on Digital Trade

The original Industrial Revolution was powered by steam; the second by electricity. The rise of digitisation and automation generally defined the Third Industrial Revolution, which was largely powered by oil. Today, we find ourselves in the Fourth Industrial Revolution (4IR), which is largely powered and characterised by data. It can hardly be contested that data […]

Download