These 10 states recorded the highest unemployment rates in 2020 and contribute the most to Nigeria’s total unemployment rate, which stood at 33.3% in 2020, the highest in the last 13 years.
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While both predecessor and successor marked their 100 days out and in the number one office in Nigeria, highlighting what they considered their laudable achievements, it appears that none of them has met the true needs of Nigerians.
The research utilized open-source intelligence tools to scrape social media conversations related to President Tinubu’s policies in his first 60 days.
The report released yesterday generated a lot of buzz online, with people questioning the new data released by the statistical agency, especially as the unemployment rate in the fourth quarter of 2020 was pegged at 33.3%.
Moreover, the Nigerian government, in recent years, has been suffering from revenue issues which have resulted in budget deficit and ultimately increasing borrowing.
Now, back to the main issue, what exactly is Monetary Policy Rate (MPR), and what does it mean for businesses and the economy?
Besides, this analysis marks the governance springboard of the new governor of the state, Rev Fr Hyacinth Alia. It provides a point of reference for his performance in years to come.
As the State prepares for another election in November, it is important to examine how Yahaya Bello of the APC performed in his two terms as the governor of Kogi State.
It is worth pointing out that the amount Nigeria received in 2020 is higher than the combined amount received by the other countries.
On a per capita basis, Imo State has a GDP of N1.4 million, ranking as the fourth state in Nigeria with the highest GDP per capita, only below Lagos, Bayelsa, and Akwa-Ibom States.
Compared to the previous quarter, the FDI inflow to the country experienced a decline, dropping from $84 million in Q4 2022 to $48 million in Q1 2023. This represents a 43% decrease on a quarter-on-quarter basis.
This report. however, focuses on the monetary poverty of Nigerians, measured by the proportion of people living below the $1.90 or $3.20 threshold.
“We will not allow coup after coup in the West African sub-region. We will take this up seriously with the African Union, European Union, America, and Britain,” he said.
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From the analysis of Nigeria’s GDP growth historical data, Sub-Saharan African countries, and lower-middle-income economies’ GDP growth rate data, it appears that the 10% proposed growth rate by Tinubu may not be attainable.
In this article, Dataphyte examines some of the socio-economic indicators in the state and how they fared under the Douye Diri administration.
