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Effects of Lome convention on Nigeria’s agricultural export trade
No full textThis paper investigates the extent to which Lome Convention has affected the scope and pattern of agricultural export trade in Nigeria, a major member of the ACP group. The paper is divided into four parts. In part 1, a brief background to the evolution and main provisions of the Lome Conventions are discussed; Part II examines the methodology adopted in the papers, while part III reviews the data used and the results of our analysis. Finally, part IV summarises the main findings and conclusions of the study
Developments in the financial system during the third quarter of 1985
No full textThis contains the report of developments in the financial system during the quarter of 1985 showing persistent monetary expansion in money supply, banking system\u27s credit, sectorial performance and distributions of loans and advances etc
The current state of the Nigerian economy and its challenges to policy makers.
No full textThis is a speech delivered at the Annual Dinner of the Nigerian Institute of Bankers on November 8, 1985
The role of monetary and fiscal policies in industrial and agricultural development in Nigeria
No full textThis paper focuses on two of the policies adopted for the development of industrial and agricultural -monetary and fiscal-and examines their impact on industrial and agricultural development
Transactions in foreign exchange through the Central Bank of Nigeria during the first quarter of 1985
No full textThe highlight of the analysis is the overshooting of the foreign exchange budget during the quarter under review
Commercial banking: statistics
No full textIt contains the Bankers monthly clearing house report of commercial banking in Ilorin, Jos, Kaduna, Kano, Lagos, Port Harcourt, Maiduguri, and Sokoto
Central Bank of Nigeria Annual Report and Statement of Accounts for the Year Ended 31st December 1984
No full textCBN annual report and statement of accounts for 1984 covers economic performance including key economic indicators such as inflation rate, GDP growth, exchange rate stability, banking sector performance, monetary policy, financial stability, fiscal policy, and regulatory updates for 1984. It also examines future economic outlook. In 1984, the index of industrial production fell by 10.2 per cent significantly due to the poor performance of the manufacturing sector whose index of production fell by 18.2 per cent. In respect of domestic prices, the supply-side factors were dominant in exerting upward pressures on prices. There were acute shortages in consumer goods and services markets. Monetary aggregates recorded increases in 1984. Money supply (M1) increased by N921.7 million to N12.2 billion. Although the federal government financial position remained weak, the trends observed showed some evidence of serious effort to reduce the wide gap between total expenditure and total revenue. Nigeria\u27s total external transactions resulted in a net inflow of foreign exchange estimated at N362.1 million. The global economic performance showed significant improvements as there was expansion in aggregate output in both industrial and developing countries.
The economy experienced various challenges and some improvements across different sectors. While agriculture and mineral production increased significantly, manufacturing saw a sharp decline. The consumer price index rose by 39.6%, contributing to high inflation, particularly in urban areas. Unemployment worsened due to massive retrenchment in both private and public sectors. Despite pressure on the balance of payments, prudent foreign exchange management led to an overall surplus. Domestic production, especially in manufacturing, was hindered by shortages of imported raw materials. Agricultural production improved, except for fishing, which declined due to supply shortages. Construction activity remained low, with many planned projects canceled or suspended. Monetary aggregates increased, albeit at a slower rate than in the previous year, and there was a decline in bank credit expansion to both the government and private sectors. Government finances saw a reduction in expenditure, particularly in the capital component. Smuggling activities decreased due to stricter enforcement measures
Electricity Consumption in Nigeria: An Econometric Analysis
No full textThe purpose of this study is to identify the variables that influence electricity consumption, specify the correct relationships between these variables and electricity consumption and provide statistical evidence of these relationships in Nigeria
Developments in the Financial System during the Third Quarter of 1984
No full textThis article highlights the developments in the financial system of Nigeria during the third quarter of 1984. It covers the monetary and credit developments, commercial banking and merchant banking developments in the country during the period under review