data

Nigeria Economic Update (Issue 43)

Data released by the Budget Office of the Federation shows that debt service payments on external and domestic debts in the first quarter of 2023 stood at ₦1,317.08 billion, indicating an increase of ₦39.61 billion (3.10 percent) above the ₦1,227.47 billion projected for the quarter. In the period under review, the sum of ₦874.13 billion […]

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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 […]

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Unlocking Africa’s Digital Potential: The Role of EU-Africa Collaboration

Introduction The digital economy is on the exponential rise due to its capability to transform and revolutionise economies and societies,  influencing how we work, live, and interact. Otherwise known as digitalization, the digital economy refers to economic activities facilitated by digital technologies and digital data in businesses and organizations. One of the sundry blessings of […]

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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 […]

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Nigeria’s plans for the biggest data governance drive in Africa

The Nigeria Data Protection Bureau (NDPB), the newest Nigerian government digital agency, was birthed on February 4, 2022, following President Muhammadu Buhari’s approval of its establishment. Stating its statutory functions, the official press release that announced the establishment of the NDPB said  it would “…be responsible for consolidating the gains of the Nigeria Data Protection […]

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Towards A Data-driven Agenda among Indigenous Businesses in Africa

African indigenous businesses (AIBs) are in the nascent stages of becoming data-driven and innovative through data analytics. The data-driven agenda looks promising in industries like manufacturing (distribution), health, agriculture, and online platforms like social media, with enterprises deriving economic and symbolic value from descriptive, diagnostic, and predictive analytics. These data-driven activities tend to be often […]

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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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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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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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Keynote Address by Dr Ngozi Okonjo – Iweala on Data Governance in Africa – Pathways for strengthening confidence in the digital economy

There have been various conversations in recent times on the global stage, many of which I have participated actively in, around the imperative for strong efforts towards speedy economic recovery for African countries. While some immediate short-term remedies such as debt relief were necessary, trade represents a far more sustainable solution to reviving the economies […]

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Nigeria Economic Update (Issue 50)

Data from the International Monetary Fund (IMF) shows that real GDP is projected to contract by 3.25 percent at the end of 2020 due to the negative impact of the COVID-19 pandemic.1 The economy is expected to recover with minimal growth of 1.5 percent in 2021 with output returning to its pre-pandemic level by the […]

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Nigeria Economic Update (Issue 40)

Data from the National Bureau of Statistics (NBS) shows that 2,080 road accidents occurred in the second quarter of 2020.¹ Accounting for 47 percent of crashes, speed violation was reported to be the leading cause of crashes, followed by wrongful overtaking which accounted for 10 percent. A total of 855 lives were lost in road […]

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The Economics of Tobacco Control in Nigeria: Modelling the Fiscal and Health Effects of a Tobacco Excise Tax Change

The World Health Organization (WHO) emphasises that tobacco use is a significant hurdle to public health and development gains worldwide, as it imposes significant economic costs on countries both in terms of direct medical care for adults and lost productivity. Cigarette smoking and other forms of tobacco use impose a large and growing public health […]

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