The results show that Nigerian growth rate is unstable with non-linearities and long-range dependence structures. We also investigate what might explain these features and conclude that erratic political institutions, associated with poor economic management and insecurity in Nigeria, among others, in ...
According to the report, Nigeria’s economy will expand by 4.9 per cent, indicating a significant mark down from Nigeria’s finance ministry estimate of 5.5 per cent. The finance ministry had earlier this year also marked down its initial estimated growth rate from 6.4 per cent. The series of...
DAVOS, Switzerland (Reuters) - Nigeria needs to double economic growth within the next year or two from an annualized rate of 3.5% in the third quarter to lift its population out of poverty, its finance minister told Reuters on Thursday at the World Economic...
To reach an evidence-based conclusion, the paper analyzes the relationship between interest rate volatility and economic growth in Nigeria for the period 1981–2020. The QARDL procedure was employed to establish the short-run and long-run quantile-specific impacts of interest rate volatility. As a...
This study investigates the contribution of external factors to Nigeria’s economic growth. To achieve the study objectives, we divide external indica
Nigeria’s economic growth slowed in the first quarter of 2018 for the first time since the country pulled out of recession last year as the non-oil sector struggled, the National Bureau of Statistics said on Monday. Cranes are seen during a facility tour at the proposed Dangote oil refinery...
along with an equal number of refugees from Nigeria, Mali, and Burkina Faso, further contribute to the humanitarian challenges. The World Bank estimated that the official unemployment rate in Niger was around 0.5% in 2023; nevertheless, the figure is not reliable, and a good portion of the ec...
Nigeria (%) 2.3 Mar 2023 quarterly Mar 2011 - Mar 2023 Norway (%) 1.8 Dec 2022 quarterly Mar 1979 - Dec 2022 Oman (%) 3.1 2021 yearly 1999 - 2021 Pakistan (%) 1.7 2023 yearly 2001 - 2023 Palestinian Territory (%) 3.5 Sep 2024 quarterly Jun 2000 - Sep 2024 Panama (%) 9....
Nigeria (USD) 2,057.020 2021 yearly 1981 - 2021 Norway (USD) 89,114.684 2021 yearly 1915 - 2021 Oman (USD) 23,240.897 2022 yearly 1980 - 2022 Pakistan (USD) 1,551.180 2021 yearly 1960 - 2021 Palestinian Territory (USD) 3,367.000 2023 yearly 1994 - 2023 Panama (USD) 14,339.42...
economic growthforeign investmentThe study examines the impact of Foreign Direct Investment (FDI) on Economic Growth in Nigeria. Using foreign direct investment, exchange rate and total domestic savings as the explanatory variables, we examine the effect of Foreign D irect Investment (FD I) on ...