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Interviews & Viewpoints | Brigitte Zypries, Minister for Economic Affairs and Energy of Germany: Interview from The Report: Nigeria 2017
Interviews & Viewpoints | President Muhammadu Buhari: Viewpoint from The Report: Nigeria 2017
Economic behaviour is cyclical. All countries face ups and downs. Our own recession has been brought about by a critical shortage of foreign exchange. Oil prices dropped from an average of $100 per barrel over the last decade to an average of $40 per barrel in 2016-17. Worse still, the damage perpetrated by Niger Delta criminals on pipelines...
Articles & Analysis | Nigeria takes a leading role in building African cooperation from The Report: Nigeria 2017
Given the size of its population and economy, and its high diplomatic profile in the African arena, Nigeria has a widely acknowledged role as continental heavyweight. Through successive administrations, and evidenced by the large military and financial contributions it has made to regional economic and peacekeeping efforts, Abuja has long...
Chapter | Table of Contents from The Report: Nigeria 2017
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The past few years have been difficult for Africa’s largest economy, with a fall in oil prices from more than $100 per barrel in 2014 to roughly $50 per barrel at the start of 2017 having damaging consequences for Nigeria. The fall in revenues from the country’s largest export-earner led to a slowdown in investment throughout the economy, a ballooning of federal government debt, a rise in non-...