Nigeria had been grappling with weak recovery from a recession in 2016, with GDP growth rate tapering around 2.3 percent in 2019. The debt service-to-revenue ratio has been at 60 percent for the past four years.
May 18, 2020
The economic impact of domestic responses to COVID-19: the case of Nigeria
This report examines Federal Governments budget, appropriation and implementation in the three main social sectors of the Nigerian economy - Education, Health and Water.
The paper analyses the impact of public debt on an economy using Nigeria as case study and identifies steady states in the model of a closed economy.
The paper examines if the nature of the economic growth in Nigeria is inclusive (Pro-poor) or exclusive (pro-rich) and recommends ways to achieve inclusive growth with emphasis on Pro-poor spending.
The paper highlights the importance of oil sector transparency in order to support governments push towards structural reforms and inclusive growth.