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Nigeria's economy is Africa's biggest. Indeed, just the largest six of Nigeria's 46 production sectors combine to generate slightly more than South Africa's GDP! However, the sobering sectoral reality is that, beyond the six giant sectors, Nigeria's remaining 40 sectors are mostly small,...
Persistent link: https://www.econbiz.de/10013018662
Since July 2014, after a remarkably favourable half year in which oil price reached a peak of US$115 per barrel and equity market capitalization touched an historic peak of N14 trillion, the Nigerian economy has been buffeted by the twin shocks of global commodity price slump and global...
Persistent link: https://www.econbiz.de/10013042938
One of the most spectacular developments in the 2023 presidential election is that a prominent leader of the democratic struggle is set to get a first bite at the presidential cherry, having emerged President-Elect from the February 25, 2023, Presidential Election, after a long and tortuous...
Persistent link: https://www.econbiz.de/10014255404
This paper demonstrates that the facts, issues, and reasoning that justified the N100, N200, N500, and N1,000 notes in Nigeria twenty five years ago should also justify N2,000, N5,000, N10,000, and N20,000 notes today. It reveals the the Central Bank of Nigeria (CBN) should go beyond its...
Persistent link: https://www.econbiz.de/10014256590
Just how well is the Nigerian Economy performing? In the absence of a holistic report articulating the economic performance of Nigeria, no one could claim to know. There are only a lot of partial views on different aspects of the economy being expressed by different government officials. Little...
Persistent link: https://www.econbiz.de/10014145284
Disparities in endowments of agricultural, mineral and commercial wealth across Nigeria’s six geopolitical zones determine the rates at which the different regions can grow. Economic activities and growth are concentrated in four regions, while the remaining two regions are largely excluded...
Persistent link: https://www.econbiz.de/10014145287