We are pleased to inform you that the Economic Policy Uncertainty (EPU) Index for Nigeria has been updated to include data for 2025. The index was developed by one of CEAR’s Fellows, Afees Salisu, in collaboration with his team members, Salisu Subair, and Sulaiman Salisu
Background: The authors developed the first daily news-based Economic Policy Uncertainty (EPU) index for Nigeria, which was previously not covered in recent EPU indices. The need to track economic uncertainties in Nigeria becomes crucial for investment and policy, especially with the renewed interest in the country as an important investment destination. To construct the EPU index, the authors used relevant keywords from articles in prominent newspapers in the country, covering the aftermath of the global financial crisis and the COVID pandemic. They evaluated the predictability of the index by examining its connection with economic and financial variables like exchange rates, stock prices, and inflation in Nigeria.
The paper can be accessed through the following link: https://lnkd.in/e5p4ns7d
The dataset can be accessed through the following link: https://lnkd.in/eMMu6tsx
Economic Policy Uncertainty (EPU) Index for Nigeria
