Skip to main content

Featured

Nigeria's Merchandise Export Destination: A 20-Year Analysis

  In this analysis, I examine the changes in the export destination of Nigerian merchandise. The time period observed is from 2000 to 2020. For each region, it shows the percentage of merchandise exports to each specific location. This is divided into 7 regions. Regions highlighted with an asterisk indicate locations where the data collected was for only low and middle-income countries. "Others" signifies regions not included in either of the 6 regions. Together, this analysis is able to show how Nigerian export destination has evolved over time. For example, exports to high-income countries have gone from 71.47% in 2000 to 36.71%. In return, exports to South Asian countries have gone from 14.43% to 25.02%. Overall, Nigeria's merchandise export has diversified (by region). This means Nigeria is not heavily reliant on one region. Data is obtained from the World Bank estimates (which are based on the International Monetary Fund's Direction of Trade database. These are t...
Post a Comment
Read more

Nigeria's General Government Debt

 




Debt is very crucial in gauging stability. This is because money owed is eventually paid back. Failure to do so jeopardizes the borrower's ability to lend for future projects and impacts public trust in its leadership. This means debt incurred by the present generation would be debt repaid by the future generation. 

No country is without debt. In fact, compared to many other countries like the United States, Canada, the United Kingdom, Brazil, and India, Nigeria has a lower government debt to GDP. However, Nigeria's General Government Debt has doubled in the past 10 years. While Nigeria has not hit the danger zone yet, the government should strive to maintain fiscal responsibility.



When compared to its African counterpart (for which data is available), Nigeria's General Government Data as a percentage of its GDP has had annual growth consistently, except in 2014. While these countries have debts to GDP almost double Nigeria's, if Nigeria maintains its current trend it will only be a matter of time.


Note: Data is gotten from Worldbank Open Database

Comments

Post a Comment