Central to the Transformation Agenda is an effective fiscal policy that prioritises investment in much-needed infrastructure and social development in health and education over wasteful recurrent spending. By improving its revenue collection and tightening capital budget disbursement, the Federal Ministry of Finance (FMF) aims to curb its domestic...
Proper metrics are crucial to a full understanding of the economy. By most measures economic data on Nigeria is vague at best, with GDP estimated at between $247bn and $555bn in 2012, according to the UN, and a more commonly used $259.8bn, according to the National Bureau of Statistics (NBS), depending on whether one includes Nigeria’s significant...
Despite its occasionally turbulent political history, Nigeria has long been both a regional and international diplomatic force. The country is a member of the Economic Community of West African States (ECOWAS), a regional diplomatic and economic bloc of 15 member states with roughly 300m people. It is also a party to a raft of international...
The Arab world’s second-largest economy, with a GDP of $257.3bn in 2012, according to the World Bank, has undergone more than two years of political transition that has yet to be resolved. The results of this process have had a deleterious effect on vulnerable sectors, such as the nation’s traditionally strong tourism industry, frozen out foreign...
The government’s attempts to meet Egypt’s budgetary shortfalls have comprised three broad strands: the sale of government bonds in the domestic market, securing sovereign grants from friendly nations, and attempting to secure a financing package through the IMF, which could help open the door to additional developmental aid from international...
One big factor that contributed to the 2011 revolution in Egypt was the increasing sense of alienation and disempowerment felt by the country’s poor, who in Egypt tend to be concentrated in rural districts away from the main urban centres of Cairo and Alexandria. As a result, in recent years there has been a growing recognition of the role that...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×