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1 – 10 of 170The budget is built on unduly optimistic assumptions. Meanwhile, the Central Bank of Nigeria (CBN) is seeking loans to help clear foreign exchange (forex) backlogs while…
Defence and security get the largest sectoral allocation at NGN3.25tn, followed by education at NGN2.2tn and health and infrastructure, each at NGN1.33tn. However, the budget is…
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DOI: 10.1108/OXAN-DB284069
ISSN: 2633-304X
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Stronger economic growth in the United States, falling domestic inflation and improving government finances are expected to support the region’s exports, consumption and…
Nevertheless, it remains mired in many of the same basic governance and security challenges that derailed its predecessors. There is little evidence that it has a plan to address…
The announcement set off panic buying as motorists rushed to purchase fuel before prices went up, causing long fuel queues across the country. The announcement also came just days…
These subsidies were scheduled to end in June. The Council justified the decision on the need for more preparatory work, particularly by the incoming administration of…
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DOI: 10.1108/OXAN-DB278745
ISSN: 2633-304X
Keywords
Geographic
Topical
NIGERIA: Fuel subsidy removal may bring strikes
This period was marked by two dramatic policy moves: the removal of a costly fuel subsidy and a major devaluation of the naira. Both moves are crucial for reforming Nigeria’s…
High inflation, exchange rate pressures and depressed oil output all complicate the government’s fiscal difficulties. Meanwhile, despite a slight reduction in overall violent…
The downgrade reflects the expected realisation this year of the delayed global economic slowdown. The resulting debt overhang in the region has depleted the space for fiscal…