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1. Analysis of Cameroon – Nigeria Trade and Prospects for the African Continental Free Trade Area

Author:
Henri Kouam and Vera Kum
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
The Nkafu Policy Institute
Abstract:
Free trade between Cameroon and Nigeria is about reducing barriers to cross-border trade between the two countries by allowing traders on both sides of the spectrum to explore a larger market and private sector producers to expand their business. This policy brief examines the nature of Cameroon and Nigeria’s trade whilst illustrating the benefits of free trade on living standards, employment, and income inequality. It recommends that Cameroon and Nigeria cooperate on trade facilitation measures to increase the benefits of the African Continental Free Trade Area.
Topic:
Economics, International Trade and Finance, Regional Cooperation, Bilateral Relations, and Free Trade
Political Geography:
Africa, Nigeria, and Cameroon

2. Gender and Extractive Governance: Lessons from Existing Legal and Policy Frameworks

Author:
Aubrey Menard and Elizabeth Moses
Publication Date:
07-2021
Content Type:
Special Report
Institution:
Natural Resource Governance Institute
Abstract:
Greater gender equality accompanies economic advancement. However, in countries rich in oil, gas and minerals, economic advancement has not served women and gender minorities as well as men. On the contrary, gender inequality is more pronounced in countries significantly reliant on the extractive sector. The negative impacts of overreliance on the extractive sector appear at both the national level and the sites of major extraction projects. While the gendered issues related to the extractive sector have been broadly acknowledged, efforts to address them are not well developed. This report focuses on gender and governance of the extractive industries, and is part of the larger Gender and Extractives project, funded by the Open Government Partnership (OGP) and the World Bank Multi-Donor Trust Fund, and executed by the Natural Resource Governance Institute (NRGI) in partnership with the World Resources Institute (WRI). It aims to inform a new generation of gendered OGP commitments in relation to the extractive sector, building on the momentum created by the Break the Roles campaign and the growth in attention now paid to advancing gender equality in the extractive sector. The research examined the legal and policy frameworks in 12 OGP countries: Argentina, Canada, Colombia, Ghana, Indonesia, Kenya, Morocco, Mongolia, Nigeria, Peru, Sierra Leone and Tunisia, identifying 62 laws, policies, regulations, guidelines and other official documents that referenced the extractive sector and gender or women.
Topic:
Economics, Gender Issues, Oil, Natural Resources, Governance, and Gas
Political Geography:
Kenya, Indonesia, Canada, Mongolia, Argentina, Colombia, Sierra Leone, Nigeria, Morocco, Tunisia, Peru, and Ghana

3. Volume 70 Issue 1

Author:
Muhittin Kaplan
Publication Date:
01-2020
Content Type:
Journal Article
Journal:
Istanbul Journal of Economics
Institution:
Istanbul University Faculty of Economics
Abstract:
Istanbul Journal of Economics-İstanbul İktisat Dergisi is an open access, peer-reviewed, scholarly journal published two times a year in June and December. It has been an official publication of Istanbul University Faculty of Economics since 1939. The manuscripts submitted for publication in the journal must be scientific and original work in Turkish or English. Being one of the earliest peer-reviewed academic journals in Turkey in the area of economics, Istanbul Journal of Economics-İstanbul İktisat Dergisi aims to provide a forum for exploring issues in basicly economics and publish both disciplinary and multidisciplinary articles. Economics is the main scope of the journal. However, multidisciplinary and comparative approaches are encouraged as well and articles from various social science areas such as sociology of economics, history, social policy, international relations, financial studies are welcomed in this regard. The target group of the journal consists of academicians, researchers, professionals, students, related professional and academic bodies and institutions.
Topic:
Economics, International Political Economy, Oil, Political Science, Exchange Rate Policy, Macroeconomics, Currency, R&D, Price, and OECD
Political Geography:
Turkey, Nigeria, and Global Focus

4. Is Nigeria Experiencing a Learning Crisis: New Evidence from Curriculum-based Learning Assessment

Author:
Adedeji Adeniran, Joseph Ishaku, and Lateef Olawale Akanni
Publication Date:
10-2019
Content Type:
Working Paper
Institution:
Centre for the Study of the Economies of Africa (CSEA)
Abstract:
The massive expansion of education access throughout the world in the past few decades signalled a positive progress for global development through human capital accumulation. However, this same growth highlighted the substantial deficiency in the learning that schools are unable to deliver to the children that pass through them. In short, massive expansion in schooling has not delivered quality education, a situation that United Nations Educational, Scientific and Cultural Organization (UNESCO, 2013) termed a global “learning crisis”. The disconnect between schooling and learning in the 21st Century also informed the global aspiration to improve learning outcomes, as captured in SDG 4. With the global attention now centered on SDG implementation, policymakers and researchers are focused on data for measuring learning outcomes. Measuring performance against SDG 4 entails assessing the extent to which targets set on inclusive and quality of education have been met. However, as the 2017 Goalkeepers Report shows, there is notable conceptual problem and data gap in measuring the quality of education (see also Unterhalter, 2019). On the conceptual level, there is lack of consensus on the appropriate indicator of quality education. Education quality is a multidimensional concept and encompasses educational inputs, processes and learning outcomes. This concern is apparent even in the SDG system, particularly, in the Tier Classification of Global SDG indicators developed by the Inter-agency and Expert Group on SDG Indicators (IAEG-SDGs). This means that additional work is needed to establish methodology and create an internationally comparable statistic (UN Statistical Commission, 2018).
Topic:
Economics, Education, and Children
Political Geography:
Africa and Nigeria

5. The Subnational Political Resource Curse: Allocations, Internally Generated Revenue and Spending Priorities in Nigeria

Author:
Toluwanimi Segun
Publication Date:
09-2019
Content Type:
Working Paper
Institution:
Centre for the Study of the Economies of Africa (CSEA)
Abstract:
Oil wealth comes with a caveat-depend on it excessively and be buffeted by oil market volatility. The 2014 oil price crash revealed that Nigeria did not heed this warning. The country’s expenditure forecasts are based on an assumed oil price so that the government was caught flatfooted when the crash began around June. Under duress, public officials eventually revealed how financially irresponsible governance was during the years of plenty: after a tussle with the President, State Governors shared oil profits stowed in a “rainy day” account called the Excess Crude Account (ECA) amongst themselves; they allegedly also hindered the growth of the country’s Sovereign Wealth Fund. It does not seem like those hard-won funds were spent in the public’s interest-reports detailing several state governments’ inability to fund public investments and pay public servants’ salaries have continued to arise into 2018.
Topic:
Economics, International Political Economy, Oil, Natural Resources, Revenue Management, and Public Investment
Political Geography:
Africa and Nigeria

6. Sustainability Implications of Nigeria's Water Use Patterns

Author:
Anointing Ogie Momoh
Publication Date:
07-2019
Content Type:
Working Paper
Institution:
Centre for the Study of the Economies of Africa (CSEA)
Abstract:
Nigeria has significant renewable water resources; however, the current reality is that most of it is poorly utilized and managed, thus raising important sustainability questions. There are several concerns associated with the water situation in the country such as pollution, flooding, poor drainage infrastructure, etc. All these have dire water-poverty, socio-economic, health and livelihood implications for Nigerians. This discussion paper identifies the absence of a properly functioning regulatory regime in Nigeria’s Water Resources sector – with the ensuing pattern of open-access water use in the country – as a fundamental issue that needs to be addressed. It briefly maps out some specifics of the current situation within Nigeria’s Water Resources sector. Utilising a simple steady-state economic framework that shows the implications of open access use of natural resources, it goes on to explain the sustainability implications of the current water resource use-patterns in Nigeria. Drawing on the points raised, the paper concludes with a few high-level recommendations for water sustainability in Nigeria.
Topic:
Economics, Natural Resources, Water, Renewable Energy, Sustainability, and Public Management
Political Geography:
Africa and Nigeria

7. Finance and Firm Productivity in Africa: Background Study from World Bank Enterprise Survey Data

Author:
Grace Onubedo and Kunle Muhammed Yusuf
Publication Date:
03-2018
Content Type:
Working Paper
Institution:
Centre for the Study of the Economies of Africa (CSEA)
Abstract:
Access to finance has been considered to be one of the important factors in influencing firms’ real activities and in promoting aggregates. However, literature on the relationship between finance and firm-level productivity is almost non-existent for African countries. This paper fills this gap by using cross-sectional firm-level data to estimate the effect of access to finance on labour productivity, total factor productivity (TFP), and the stochastic frontier trans-log model. This study also estimates an instrumental variable model – two-stage least square estimator to address potential endogeneity bias between access to credit and firms’ productivity. The results obtained show that the lack of access to finance, especially overdraft facilities negatively affects the productivity of firms in Africa. Also, smaller firms and sole-proprietorships are mostly affected because they have less access to finance. This study suggests that the development of a balanced financial system should be of topmost priority to policy makers. This ensures that more finance is channelled towards those firms whose productivity depends heavily on the availability of finance irrespective of their characteristics. This would result in firms increasing their investments in productivity-enhancing activities, which would benefit long-term economic growth.
Topic:
Economics, Finance, Developments, Economic Growth, and Productivity
Political Geography:
Africa and Nigeria

8. The Political Economy of Exchange Rate Policy and Capital Control in Nigeria

Author:
Nathaniel E. Urama and Emeka Charles Iloh
Publication Date:
01-2018
Content Type:
Working Paper
Institution:
African Heritage Institution (AfriHeritage)
Abstract:
This paper examines the primary cause of the exchange rate management failure in Nigeria by evaluating the motivating factor for these changes and reviewing the role of politics and interest group in the Nigerian exchange rate management. The findings show that politics, institutional incentives, and group interest mostly play a significant role in Nigeria’s exchange rate regime determination, as evidenced in the habit of changing the exchange rate system by almost all the political regimes that have existed in the country. More so, the changes are attributed to factors such as different parties and regimes having different macroeconomic preferences, incumbents’ efforts to increase their re-election prospects, and by interest groups that lobby for strong or weak currencies.
Topic:
Development, Economics, Political Economy, Exchange Rate Policy, Macroeconomics, Currency, and Capital Controls
Political Geography:
Africa and Nigeria

9. Nigeria’s Movement for Transparency and Accountability: Bringing the Pieces Together

Author:
Samson Itodo
Publication Date:
10-2018
Content Type:
Special Report
Institution:
United States Institute of Peace
Abstract:
Since the demise of its military dictatorship in the late 1990s, Nigeria has made remarkable democratic progress. Still, widespread corruption bedevils the country—which in many respects presents its biggest policy challenge and its biggest threat to stability and development. Drawing on a workshop held in Abuja as well as on in-depth interviews with civil society leaders and others, this report analyzes the undercelebrated but unique contributions of an emerging movement for transparency and accountability, the scope of international funding and training, and how this support affects the effectiveness of civil society efforts.
Topic:
Foreign Policy, Economics, Environment, Governance, Social Movement, Democracy, Accountability, and Transparency
Political Geography:
Africa and Nigeria

10. Electrification in Nigeria: Challenges and Way Forward

Author:
Chukwuka Onyekwena, Joseph Ishaku, and Precious Chukwuemelie Akanonu
Publication Date:
10-2017
Content Type:
Working Paper
Institution:
Centre for the Study of the Economies of Africa (CSEA)
Abstract:
Although electricity has been generated in commercial quantities in Nigeria for over a century, the rate of electricity infrastructure development in the county is low and power supply remains inadequate. Prior to reforms, the central challenges of the Nigerian power sector was the vertically integrated monopoly of government in power generation, transmission and distribution. While the reforms was successful in privatizing the generation and distribution segments of the Nigerian Electricity Supply Industry (NESI), the overbearing problems in the sector persists –with privatization only changing the dimensions of the challenges. Financing remain a major problem across all the segments of the NESI partly due to non-cost reflective tariff. Yet each segment of the NESI also faces its unique challenges. The generation segment is riffed with the problems of energy security and inefficiencies in other segments. The challenges in the transmission segment lies in the lack of modern transmission lines and equipment, gross mismanagement, poor maintenance of available infrastructure and inefficient grid design. Distribution companies face the problem of huge Aggregate Technical, Commercial, and Collection (ATC&C) losses.
Topic:
Economics, Privatization, Infrastructure, Finance, Electricity, Economic Development, Financial Institutions, and Financial Services
Political Geography:
Africa and Nigeria