On June 14 2023, the Central Bank of Nigeria released operational changes to the foreign exchange market. This article provides an easy-to-understand explanation of the new policy....
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In this article, Wilson Erumebor discusses economic diversification in Nigeria within the context of a dynamic local and global landscape....
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In 2020, Nigeria recorded its largest trade deficit of N7.38 trillion. The dollar value of exports significantly declined from US$122 billion in 2011 to US$32.8 billion in 2020. This brief examines Nigeria’s trade in goods performance in 2020 using recent data from the NBS....
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As the Nigerian economy goes through tough times due to the fall in oil price and the impact of Covid-19, citizens and businesses will feel the brunt; thus, individuals, businesses and families would need to adopt survival strategies and mechanisms to get through the difficult times ahead....
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On the 28th of April 2020, I (Wilson Erumebor) was interviewed by Africa Business Radio and we discussed the effect of the crash in crude oil price and the outbreak of Covid-19 on the Nigerian Economy. Below is the transcript of the interview. Interviewer: This global pandemic has defined 2020 and Nigeria is...
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In May 2020, the National Bureau Statistics (NBS) released 2019 Consumption Expenditure Pattern in Nigeria. According to the NBS, the purpose of this report is to portray household consumption expenditure types by food and nonfood items at the national, zonal level, and state level, and also the urban/rural split. Total consumption...
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Wilson Erumebor, The Economist With over a decade of experience working with organizations that focus on Economic and Social research, Industry research, Policy advocacy, Consulting and Credit ratings, Mr. Wilson Erumebor in his interview, was open to addressing some of our concerns on poverty and how skill empowerment and social reforms...
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On Friday, February 28, 2020, Nigeria reported the first confirmed case of the Corona virus. Prior to this, Nigeria has been feeling the impact of the virus through declining crude oil prices in the international market. Oil price (Bonny light) declined from US$70 per barrel (pb) in January 2020 to US$50pb on February 28th, below the 2020 budget benchmark of US$57pb. With oil price as...
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At the "Nigeria 2050 Forum" hosted by the Nigerian Economic Summit Group during the Social Media Week in February 2020, Wilson Erumebor shared insights on Nigeria’s rising population and its implication on different aspects of the economy. Nigeria’s population is projected to rise to over 400 million by 2050, making Nigeria...
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