Nigeria continues to face issues of poor revenue generation and a lack of will to efficiently manage its expenditure.
On a m/m basis, the headline inflation index increased by 1.60% in November, 0.06ppt higher than October’s 1.54%.
A capital inflow of the sum of $1.46 billion was received by Nigeria in the third quarter of 2020.
For families, it will require a lot of sacrifice, adjustments and prudence in the management of resources to navigate the economic storm.
The National Bureau of Statistics (NBS) released the GDP report for Q3 2020 which officially confirmed the economy has slipped into a recession.
A recently released NBS report indicates that air transport contracted by 38.86% in the third quarter of 2020.
The National Bureau of Statistics highlighted seven reasons why Prof. Hanke’s claim is faulty and holds no ground in the Nigeria ecosystem.
The CBN has insisted that rising food inflation can not be attributed to its monetary policy but to supply-related issues.
The survey is part of a World Bank global effort to support countries in their data collection efforts to monitor the impacts of COVID-19.
Despite the flurry of funds provided via intervention policies, long-standing bottlenecks in the agric sector still exist.