Rich in oil, gold and arable land, Sudan is today going through the most serious humanitarian crisis in the world. More than half the population now depends on humanitarian aid to survive. Mass destruction, exploding military spending and collapsing oil and gold revenues have plunged Sudan's economy into an unprecedented economic and financial crisis, according to Finance Minister Gibril Ibrahim: the Sudanese economy is going through a deep crisis. The outbreak of war deprived the country of most of its resources, since 80% of revenues were generated in the capital, where industries, large businesses and economic activity were concentrated. Since the start of the conflict, Sudan has lost most of its public revenue. In 2024, the country produced 64 tonnes of gold, but this resource only brought in $1.57 billion for the already bloodless state. A large part of the revenue escapes public coffers, diverted by smuggling networks. If gold production continues to increase, the authorities are struggling to profit. Concerning gold production, it reaches around 70 tonnes in 2025. However, only part was exported through official channels, to the tune of around 20 tonnes. The fate of the rest remains uncertain: it could have been exported informally or kept within the country, explains Gibril Ibrahim. The agricultural sector is also hard hit. Exports fell by 43%, with many gum arabic, sesame and peanut producing regions now under paramilitary control, including West Darfur and South Kordofan. Livestock farming, a pillar of the Sudanese economy and mainly established in Darfur, has lost 55% of its exports. This week, the Prime Minister announced the government's official return to Khartoum, resumed last year. However, several ministries, including that of Finance, have not yet completely resettled in the capital. Against a backdrop of the struggle for control of the territory, oil revenues fell by more than 50%. The Al-Jaili refinery, the most productive in the country and located near Khartoum, was seriously damaged by the fighting. Despite this situation, the authorities devoted 40% of the national budget to the war effort last year, compared to 36% in 2024, according to Gibril Ibrahim, without specifying the amount. A budgetary choice with serious consequences, while the reconstruction needs are immense: in December 2024, the government estimated the cost necessary to rebuild the areas taken over by the army at $200 billion.

 

Nigeria wants to revise its inflation reports following forecasts of artificial increases posted in December. The National Bureau of Statistics (NBS) is preparing to change the way it calculates inflation.

The rebasing, the first in 15 years, set December 2024 as the index's benchmark, a measure that officials say would skew last December's data, without reflecting actual price trends.

Consumer inflation peaked nearly 35% in December 2024 before falling sharply after the NBS revised its base year and food prices fell.

Authorities said the new methodology will provide a clearer picture of inflationary pressures in Africa's most populous country.

"The widely reported 30% figure for December is only a projection and does not come from the office", said Ayo Anthony, head of pricing at NBS. Consumer inflation peaked at almost 35% in December 2024 before falling sharply after the statistics office revised its base year and food prices fell.

"This increase is not the real inflation rate; it is an artificial increase caused by the base effect resulting from the rebasing", Mr Anthony said. We remove the index's single-month reference period and replace it with a 12-month reference period for 2024 to reflect real inflation. "

Mr Anthony noted that while countries like South Africa and Kenya use a one-month base, sharp price increases in Nigeria make the method unsuitable. Before last year's rebasing, Nigeria had rebased its inflation data in 2009.

"We haven't done a review in 15 years, so part of the base effect that's happening is due to this lag", said Bonaventure Nwosu, communications manager at NBS. "The increase you see for December is one-off and should not be interpreted as real inflation. From January 2026, the figures will normalize and reflect real market conditions. "

The office said the new methodology will provide a clearer picture of inflationary pressures in Africa's most populous country.