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Lessons for Macroeconomic Policy from Nigeria Amid the COVID-19 Pandemic

The COVID-19 pandemic has had severe impacts on the macroeconomy and the livelihoods of households globally. The restrictions to movement alongside the associated uncertainty stimulated a sudden decline in the demand for commodities and disrupted production, leading to the underutilisation of capital and labour. More specifically, as governments sought to curb the spread of the […]

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Nigeria Economic Update (Issue 26)

Crude oil price increased to the highest since 2019 while external reserve decreased in the week under review. The price of Nigeria’s bonny light increased by 3.5 percent to an average of $76.4 per barrel in the week under review.3 Despite the increase, external reserve fell by $246.9 million to an average of $33.59 billion. […]

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Effective Targeting of COVID-19 Aid in Nigeria

Faced with an invisible and novel enemy to fight, governments across the globe have deliberately shut down their economies and placed cities on lockdown in order to stem the spread of the COVID-19 virus. In Nigeria, two states and the federal capital territory, have so far enforced a total lockdown, while other control measures have […]

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Nigeria Economic Update (Issue 31)

The 2019 Global Innovation Index (GII) depicts that out of 129 economies surveyed; Nigeria ranked 114 in terms of innovation performance1. While this position is four places up from Nigeria’s 118th position in 2018 (due to commendable performance in medical innovation), Nigeria still features as one of the lower-middle income countries whose overall innovation performance […]

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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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