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December 11, 2013

China
Is Nigeria Africa’s Largest Economy?

Stephen Hayes, president of the Washington-based Corporate Council on Africa, has written a thoughtful column on Nigeria’s widely anticipated announcement that it has overtaken South Africa as Africa…

A woman waits for customer at a local food market after the suspension of a nationwide strike by labour unions, in Nigeria's commercial capital Lagos January 16, 2012.

January 25, 2018

Nigeria
Nigeria’s Formal Economy Looking Up

Hostages to fortune are international oil prices, which are largely determined by forces over which Nigeria has little control. While Nigeria ostensibly has more control over security in the oil patch, there is an ongoing, low-level insurgency that has been in effect for years.

Nigeria-Oil-Price-Formal-Economy

April 19, 2018

Nigeria
Unemployment and Begging Across Nigeria

The World Bank, using International Labour Organization (ILO) data, estimated that the unemployment rate is 5.5 percent, but this likely varies dramatically within the country.

Nigeria-Lagos-Economy-Unemployment

October 25, 2013

African Statistics: Poor Numbers and Political Wrangling

Morten Jerven, an academic at Canada’s Simon Fraser University, published an important book for those who believe that decision-making should be informed by facts. His book, Poor Numbers: How We are …

Africa - Lagos Construction

April 7, 2014

China
Nigeria is Officially “Africa’s Largest Economy”

On April 6, Nigeria’s National Bureau of Statistics announced that after “rebasing,” Nigeria’s Gross Domestic Product (GDP) almost doubled to U.S. $509.9 billion. That figure is dramatically larger t…

Trucks are seen parked around an automobile workshop overlooking the Lagos business district at the Orile-Iganmu in Lagos August 29, 2013.