Charting Nigeria – Charting Economy

Pages

61 pages

Published

March 2021

Update frequency

Quarterly

Format

PDF, Horizontal, Screen friendly

Key Questions


Begin With Questions, Not Information

Part of the country’s economic profile, the economic structure section gives readers useful views to understand what matters to Nigeria’s economy.

KEY QUESTIONS ADDRESSED

  • What is the size of Nigeria’s economy?
  • What is the size of Nigeria’s population?
  • What is the demographic structure of Nigeria? Is it favorable for economic growth?
  • How has the structure of GDP changed over the years?
  • How much does Nigeria’s economy rely on natural resources?
  • How much does Nigeria’s economy rely on external trade?
  • Economic Freedom Index: How free is Nigeria’s economy?

Part of the country’s economic profile, this section explores Nigeria’s competitiveness at the global level. It also covers the country’s attractiveness to foreign direct investment.

KEY QUESTIONS ADDRESSED

  • How competitive is Nigeria?
  • How are Nigeria’s competitive factors compared to those of other countries?
  • How is the minimum wage in Nigeria compared to others in the region?
  • How has labor productivity in Nigeria changed over the years, and in relation to comparable countries?
  • Is it easy to do business in Nigeria?
  • How good is Nigeria in attracting Foreign Direct Investment?

Part of the country’s economic profile, this section explores Nigeria’s economic development, average income, and its distribution, poverty as well as other development indicators.

KEY QUESTIONS ADDRESSED

  • What is the level of income for an average person in Nigeria?
  • What is the poverty rate in Nigeria, and how does it compare to others?
  • How has the unemployment rate in Nigeria changed over recent years?
  • How is income distributed in Nigeria, and how does it compare to others?
  • What is the current level of human development in Nigeria?
  • How has the quality of life changed over the years?
  • How many SDG has Nigeria achieved to date?

As part of the country’s economic outlook, this section explores Nigeria’s recent economic growth, its key drivers as well as the growth outlook for the coming years.

KEY QUESTIONS ADDRESSED

  • What has been the growth rate of Nigeria’s economy over the past ten years, and how does it compare with others?
  • What were the key growth drivers for Nigeria’s economy in the last year?
  • How much does each sector contribute to the overall growth?
  • What is the GDP growth rate in the latest quarter?
  • What are the latest signals from the leading indicators?
  • What is the growth outlook for Nigeria’s economy, and how does it compare with others?

As part of the country’s economic outlook, this section explores Nigeria’s macro-economic risks, including inflation, financial sector, budget deficit as well as the balance of payment and exchange rate.

KEY QUESTIONS ADDRESSED

  • What have been the government measures against the Covid-19 crisis?
  • What is the risk of inflation over the next 12 months?
  • What is the latest move on Nigeria’s monetary policy?
  • What is the health of Nigeria’s banking sector?
  • What has been the trend in Nigeria’s fiscal budget deficit?
  • Balance of Payment: Where are the key risks?
  • Does Nigeria have enough international reserves to service its debt and for import?
  • What is the FX risk? How has the currency performed compared to others?

From IMF’s World Economic Outlook Report

  • GDP growth
  • Inflation
  • Population
  • Unemployment rate
  • Government budget and debt
  • Current account

Detailed rankings and scores for Nigeria and comparable economies.

  • Starting a business
  • Dealing with construction permits
  • Getting electricity
  • Registering property
  • Getting credit
  • Protecting Minority Investors
  • Paying taxes
  • Trading across borders
  • Enforcing contracts
  • Resolving Insolvency

 

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