(Credit: Akarawut Lohacharoenvanich/iStock via Getty Images) IMF COUNTRY FOCUS June 20, 2024/IMFBlog The outbreak of the war in Ukraine in February 2022 caused international food and fertilizer prices to rise sharply, exacerbating food insecurity in many parts of sub-Saharan Africa. Guinea was among the worst affected. By late 2022, 11 […]
OPINION/EDITORIAL
FAAC Revenue Disbursement Fell 5% in May 2024
June 20, 2024/FBNQuest Research The recent communique released by the Federation Account Allocation Committee (FAAC) shows that the federation’s revenue disbursements to the three tiers of government amounted to about N1.1trn (USD728m) in June 2024 (from May 2024 revenue). May’s gross distribution represents a marginal decrease of -5% M-o-M or […]
Agricultural Sector: A Major Drag to Q1 GDP Performance
June 20, 2024/CSL Research The agriculture sector contributed 21.07% to overall GDP and grew by 0.18%, according to the Q1 GDP report released by the National Bureau of Statistics (NBS), a significant decline from 2.1% growth and 26.11% contribution to GDP recorded in Q4 2023. The low output from the […]
