Centre for the Study of the Economies of Africa (CSEA)

The Centre for the Study of the Economies of Africa (CSEA) is a non-profit think tank that conducts independent, high quality applied research on economic policy issues in Nigeria and the rest of Africa. CSEA was established in 2008 by Dr. Ngozi Okonjo-Iweala, Nigeria’s former Minister of Finance. CSEA's mission is to enhance development outcomes in Africa through evidence-based research. www.cseaafrica.org/

Library Articles

Examining Nigeria's Learning Crisis: Can Communities be Mobilized to take Action?

Policy design and interventions in basic education until recently, were unduly focused on increasing school enrollment in developing countries, with little attention on improving the quality of learning. Using two states in Nigeria – Lagos and Kano, this paper analyzed the extent to which School Based Management Committees (SBMCs) mobilized actions (collective and private) to improve school-level...

Regional Trade for Inclusive Development in West Africa

This study analyzed the potential of regional trade in facilitating the achievement of inclusive development in the West African region. Descriptive analysis is employed to examine the nature, composition and dimension of ECOWAS trade within the group and with the rest of the world, vis-à-vis three other Regional Economic Communities (RECs) in sub-Saharan Africa (SSA). From the preliminary study...

A Note on the Economic Downturn in Sub-Saharan Africa: the Nigeria-South Africa Comparison

Movements recently in the dollar-naira exchange rate, which followed the removal of the currency peg, has stimulated ongoing debate in the media that South Africa has regained its position as the largest economy in Africa. The prevailing notion is that the depreciation of the naira and simultaneous appreciation of the rand against the US dollar implies that South Africa’s GDP has surpassed that...

Nigeria Economic Update Issue 30

This brief report discusses several matters regarding the Nigerian economy. The first article is about Crude oil - it discusses the significant decline of Nigeria’s bonny light price by 5.2% from $47.91 per barrel on July 1, 2016 to $45.41 per barrel on July 8, 2016. The OPEC weekly basket price also decreased by 2.1% to $44.31 within the same period. The second article is about the Stock Market...

Nigeria Economic Update Issue 29

This economic update informs about the following matters relating to the Nigerian Economy. The first article is about the Purchasing Managers Index (PMI) which measures business performance and briefly discusses the decline in both the Manufacturing (by 8.5 index points) and Non-Manufacturing (by 4.5 index points) sectors. Both sectors performed below average for the sixth consecutive month. In...

Nigeria Economic Update Issue 28

This brief update on the current stance of the Nigerian economy firstly discussed the Foreign Exchange and Foreign Reserves, starting with the depreciation of the Naira at the interbank foreign exchange market between June 17, 2016 and June 24,2016, following the commencement of the single market structure. The Naira, specifically depreciated from N199/$ (pegged rate) to N282/$ in the review week...

Nigeria Economic Update Issue 25

This document provides a brief update on several aspects of the Nigerian economy. The first article is about Foreign Trade - Recent data received from the National Bureau of Statistics (NBS) which shows that Nigeria’s Foreign Trade declined by 37.99% (Year-on Year) to N2.72 trillion in 2016 Q1. Merchandise exports, specifically declined by 52.36 % to N1.27 trillion, while merchandise imports...

Nigeria Economic Update Issue 24

This economic update informs about the following matters relating to the Nigerian Economy. The first article is on the Monetary Policy - briefly discusses the outcome of the monitory policy Committee (MPC) which was held on the 23rd and 24th of May 2016. The committee have voted unanimously to retain all key monetary policy decisions adopted in the previous MPC meetings held in March....

Nigeria Economic Update Issue 21

This document provides a brief update on several aspects of the Nigerian economy. The first article discusses Capital Importation - Recent data from the National Bureau of Statistics (NBS) shows that the value of capital imported to Nigeria declined by 54.34 percent; from $1.56 billion 2015 Q4 to $710.97 million in 2016 Q1. This is the lowest value since the data was first released in 2007. Huge...

Nigeria Economic Update Issue 22

This brief report discusses several matters regarding the Nigerian economy. The first articles about Crude oil - discusses Nigeria’s Bonny light price increased by 6.1 percent from $44.17 per barrel on May 6, 2016 to $46.86 per barrel on May 13, 2016. The increase can be attributed to the ongoing production outage in Canada and supply disruption in Nigeria. The next article on the Stock Market...

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