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December 4, 2020

Nigeria & the AfCFTA

According to the National Bureau of Statistics (NBS), inflation rose from 12.56% in July to 14% in November, driven by soaring food prices caused by insecurity and trade restrictions with other African countries. You would also have to consider the impact of products blocked from crossing Nigeria’s land borders. Thus far, situations have worsened since the […]

November 20, 2020

Inflation And Our Christmas

As we stand six (6) weeks away from the festive season of Christmas, it is eminent that the prices of goods and services are expected to be higher in December 2020 than in 2019. Rising prices, known as inflation, either positively or negatively impact the cost of living, the cost of doing business, borrowing money, […]

November 6, 2020

Urgent Call for Economic Recovery Effort

The third-quarter Gross Domestic Product (GDP) data released by the National Bureau of Statistics (NBS), amplified the urgent need for a re-evaluation and re-assessment of the current government’s economic policies. The NBS report showed the country’s GDP growth declined by 3.62 percent in Q3 2020 amid other tailwinds affecting Foreign Direct Investment. With two consecutive […]

October 30, 2020

AfCFTA: Economic Impact And Its Benefits

As African economies struggle to manage the consequences of COVID-19, the implementation of the African Continental Free Trade Agreement (AfCFTA) aims to provide an anchor for long-term reforms and integration. The African Continental Free Trade Area (AfCFTA) agreement creates the largest free trade area in the world measured by the participation of 1.3 billion people […]

October 27, 2020

The Manufacturing Sector Amid The Recent Civil Unrest

The Nigerian government is forecasting a growth in the Gross Domestic Product (GDP) for Q3 and Q4 2020, following a decline of 6.10% (year-on-year) in Q2 2020. The Q2 2020 negative growth comes as a result of the COVID-19 pandemic and fallen oil prices. The government in its response developed several stimulus interventions kicking off […]

October 23, 2020

Budget Review

According to the International Monetary Fund (IMF), the global economy is expected to grow by 5.4% in 2021 from a projected decline of 4.9% in 2020 following the hard hit of the COVID-19 pandemic. On a regional base the following projections were made: REGION PROJECTED 2020 GDP GROWTH RATE PROJECTED 2021 GDP GROWTH RATE The […]