Research and Analytics
Research and Analytics
Five years ago, 5 naira and 10 naira currency were a significant part of our national denomination, and you could walk into any shop and get sweets, biscuits for that amount. This same 5 and 10 naira are becoming hard to come by, with little or no purchasing power. Coins have gone into extinction, confined to the books of accounts only, telling us the currency keeps losing its value with the passage of time.
Inflation rate in Venezuela has skyrocketed, moving an average figure of 21.07% in 2012 to as high as 65,374.08% in 2018 before moderating to c.15,000% in 2020. Hence, the venezuelan Bolivar has lost its value, causing more money to chase fewer goods – imagining buying a roll of toilet paper with 2.6 million Venezuelan Bolivars in 2018.
The consumer price index, (CPI) increased by 12.34% (year-on-year) in April 2020. This is 8bps higher than the rate recorded in March 2020 (12.26%). This is the eighth consecutive month of increase since August 2019 (11.02%) and the highest level since April 2018 (12.48%).
Major broad highlights of the year range from the country’s general elections February, to the world credit rating agencies downgrading Nigeria in December. This research report provides a broad assessment into Nigeria’s economic performance in 2019.
The excel file below contains time series data on impact of monetary policy on agricultural financing from 1981 to 2017. Data on Agricultural Credit Guarantee Scheme Fund was used to measure agricultural financing while interest rate, inflation rate, banking sector credit to the economy, exchange rate and broad money supply were used as proxy for […]
