Africa

Nigeria Economic Update (Issue 18)

According to the Organization of Petroleum Exporting Countries (OPEC) May 2022 oil report, Nigeria’s oil production fell in April 2022.1 The report shows that Nigeria produced an average of 1.22 million barrels per day (mb/d) of crude oil in April 2022. This production level is approximately 18,000 barrels per day (b/d) lower than 1.24 mb/d […]

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Nigeria Economic Update (Issue 17)

sector According to the data on credit allocation by sector released by the Central Bank of Nigeria (CBN), Deposit Money Banks (DMBs) ‘s allocation to the agricultural sector rose to approximately N1.458 trillion in December 2021 from N1.049 trillion recorded in December 2020.1 This represents a 38.88 percent increase year-on-year. The CBN’s development financing initiatives, including the […]

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Addressing lack of public engagement in Africa’s data governance practices

Public participation is an integral aspect of ensuring effective and advanced data governance practices. African countries are largely in need of strong and efficient data governance systems. To build such systems, there is an urgent need to carry the public along in policy formation, development and output. A prerequisite for active public engagement in data […]

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Maximizing Public Awareness for Participatory Data Governance in African Countries

A major argument for advocating for a participatory approach in developing Africa’s data policies and systems stems from the underlying drivers and principles guiding data governance. These principles cut across several themes such as human and digital rights protection, transparency and accountability, that are geared towards engendering greater confidence in the data ecosystem, for more […]

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Nigeria Economic Update (Issue 16)

The International Monetary fund (IMF), in its April 2022 Economic Outlook, has revised its growth projection upward for the Nigerian economy in 2022 to 3.4 percent.1 The IMF had earlier forecasted a 2.7 percent growth for the Nigerian economy in 2022, suggesting an increase of 0.7 percent point. Also, the forecast for 2023 was revised […]

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New Digital Governance Platform: Why It Matters For Policymakers

Digital innovations are advancing at a rapid pace, connecting businesses, individuals,  governments around the world and creating exciting opportunities. These opportunities provide numerous benefits and major gains in terms of structural transformation for the majority of economies. However, African economies are yet to benefit from these opportunities. The global digital market is generally uneven and […]

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Curtailing State Extremism In Data Governance

There is an increasing level of attention and growing conversations at the national, regional and global levels, around the imperative for a more effective set of rules and regulations to guide the use and sharing of online data and digital footprints of individuals, firms and governments. The rationale is that a framework of policies and […]

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Nigeria Economic Update (Issue 7)

The NBS report shows that the average retail price paid by consumers for premium motor spirit (petrol) slightly increased to N166.40 per litre in January 2022 from N 164.09 per litre in December 2021, indicating a 1.41 per cent increase year-on-year2. Assessment of month-on-month data shows that the average retail price increased by 0.38 per […]

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Nigeria Economic Update (Issue 6)

A report on the telecommunications sector released by the National Bureau of Statistics shows that in Q4 2021, a total of 195.4 million subscribers were active on voice compared to 204.6 million subscribers recorded in Q4 2020 and 190.9 million subscribers in Q3 2021.3 This implies a 4.47 percent decrease in voice subscriptions on a […]

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Nigeria Economic Update (Issue 4)

The Monetary Policy Committee of the Central Bank of Nigeria (CBN) retained the Monetary Poli-cy Rate (MPR) at 11.5 percent, as well as all other monetary parameters, at the first meeting of the Central Bank of Nigeria (CBN) for 2022, held on the 24th and 25th of January. Specifically, the Cash Reserve Ratio (CRR) was […]

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Nigeria Economic Update (Issue 1)

The Nigerian National Petroleum Company (NNPC) Limited remitted N511.7 billion to the federation account between January and October 2021, against the projected sum of N2.09 trillion, resulting in a shortfall of N1.58 trillion.3 This is according to data obtained from the NNPC. The shortfall can be attributed to two main factors: low revenue generation by […]

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Facilitating Finance and Global Trade for Small and Marginal Farmers in Africa

Agriculture has been an integral part of the human society, the most persisting productive human engagement across times and space. Globally, about 5 billion hectares are classified as agricultural land (comprising native as well as cultivated pasture). Of this figure, 25 percent is accounted for by the industrialized countries, an amount that at the global […]

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Digital Governance Index

With the explosion in digital technologies and data, countries across are grappling with effective ways to address the threats emerging in the digital space as well as provide supportive structure for digital technologies uptake. At present, at least 66 percent of countries in the world has at least a form of data protection laws. By […]

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Nigeria Economic Update (Issue 40)

According to the Debt Management Office (DMO), there was an increase in the country’s total public debt stock in Q2 2021 from the total recorded in Q1 2021.1 The total public debt which was reported as N33,107,247.23(in millions) in Q1 2021, increased to N35,465,005.39(in millions)  in Q2 2021 as reported by the DMO. Although domestic […]

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Nigeria Economic Update (Issue 37)

Data on rail transportation showed that a total of 565,385 passengers travelled via the rail system in Q2 2021. This figure, when compared to 108,238 passengers recorded in Q2 2020 and 424,460 in Q1 2021, represents 422 percent year-on-year and 33 percent quarter-on-quarter growth respectively.1 A total volume of 42,782 tons of goods/cargo also travelled […]

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Nigeria Economic Update (Issue 35)

In the second quarter of 2021, the country’s Gross Domestic Product (GDP) grew by 5.01 percent (year-on-year) in real terms, marking three consecutive quarters of growth after the negative growth rates recorded in the second and third quarters of 2020.1 The rise in real GDP saw the oil sector contributing 7.42 percent while 92.58 percent […]

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