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Over 184 million Telecoms Subscribers, Yet over 60 percent Nigerians Unbanked

The Nationa Bureau of Stattistics’ (NBS) Telecoms data for the fourth quarter of 2019 has revealed that a total of 184,699,409 subscribers were active on voice calls in Nigeria. Also, 126,078,999 subscribers were active on internet during the period under review. According to the report, Nigeria recorded an increase of 3.08 percent and 2.37 percent on voice and internet subscription respectively between the fourth quarter of 2018 and the fourth quarter of 2019.

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Numbers To Ponder: N4.6 Trillion Eat-Out, $10m Bribe, $33.54 Per Barrel

For Today’s Numbers to Ponder, N4.6 trillion was spent on food consumed outside the home in 2019, representing 20.19% of total food expenditure. DATAPHYTE takes a look at what the NBS figures mean for FMCG businesses. Setting records straight, the Bill and Melinda Gates Foundation has denied media reports that it offered a $10 million bribe to the Nigerian House of Representatives to pass the controversial Control of Infectious Diseases Bill. Nigeria’s EFCC has received court permission to use data to probe a controversial company P&ID that received a $9.8 billion arbitration award against the government. Nigeria has added 2 weeks to the ongoing movement restrictions across Nigeria. The effort is to tame the spread of COVID-19.

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Numbers To Ponder: 778 Participants, 1,416 Deaths, N80m For Attendance

For Today’s Numbers to Ponder, COVID-19 has disrupted the distribution and revenue of newspaper publishers. From a short online poll conducted by DATAPHYTE, out of 778 people, only 45 buy a newspaper every day, while about 24 buy once a week. We are also sharing news of alleged grand corruption at the Lagos State House of Assembly. According to Sahara Reporters, Speaker of the House, Mudashiru Obasa; Deputy Speaker, Wasiu Eshilokun-Sanni; and 17 other members received N80 million as estacode after attending a five-day event in Dubai, United Arab Emirates. Not yet Uhuru for former Abia Governor Senator Theodore Orji. The ex-governor is answering questions on how he spent N38.8billion security votes during his eight years in office.

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Numbers To Ponder: N4.6tn Household Consumption, N10.5tn Revised Budget, 22 Killed.

For Today’s Numbers to Ponder, food consumed outside the home gulped N4.6 trillion from citizens constituting 20.19% of the overall food expenditure for 2019. According to the NBS household consumption data, Nigerians spent N22.8 trillion on food expenditure. On Wednesday, the Federal Government revised the 2020 budget to N10.5 trillion, a difference of about N71.5 billion when compared to the initial approved budget. The Government adjusted the budget in line with current economic realities due to the coronavirus crisis. Children are unsafe as the COVID-19 pandemic weakens the health system. UNICEF says an additional 950 Nigerian children, mostly under-five years, could die daily from preventable causes over the next six months.

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Numbers To Ponder: 80m In Poverty, 28 Years Imprisonment, 42 Ambassadors…

For Today’s Numbers to Ponder, 82.9 million Nigerians are living below N400 per day, putting Nigeria officially on the map of nations in extreme poverty. This figure means that an average of 4 out of 10 individuals in Nigeria live on about $1 per day. On the COVID-19 frontline, the Central Bank (CBN) has challenged Nigerian Scientists to develop homegrown vaccines for the treatment of the virus. Godwin Emefiele, CBN governor, said the apex bank has launched a N100 billion healthcare intervention fund to support them. Despite efforts by the apex bank to increase liquidity in the forex market, the Naira-dollar trade at N445 in the parallel market due to dollar scarcity. In politics, President Muhammadu Buhari has sent a letter to the National Assembly requesting the approval of 42 nominated career diplomats in accordance with section 171(2)(1c) and Subsection 4 of the 1999 constitution.

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Numbers To Ponder: N40.2tn Household Consumption, $20b In Jeopardy, 20 Dockworkers Arrested

For Today’s Numbers to Ponder, Nigeria ranks 97th position in a global survey of 117 countries on budget transparency. In the Open Budget Survey 2019, the country scored 21% in budget transparency, 22% in public participation, and 55% in budget oversight. Is this a burst? An allegation of diverted N23 million COVID-19 palliative fund is hanging on the neck of the Comptroller General of the Nigeria Immigration Service, Muhammed Babandede. To support the government in the fight against the pandemic, a religious group has offered its 425 health facilities as isolation centres for COVID-19. Tony Ojukwu, the executive secretary of the National Human Rights Commission (NHRC), says the Nigerian Police caused nearly 60 percent of reported human rights abuses perpetrated during the second phase of the strict lockdown. This is also in tandem with a report by Dataphyte on how the Nigerian Security Operatives killed 13 while enforcing lockdown last month.

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Numbers To Ponder: N40.2tn Household Consumption,$20b In Jeopardy, 20 Dockworkers

For Today’s Numbers to Ponder, consumers spent a record N40.2 trillion on household consumption comprising food and non-food items. According to the National Bureau of Statistics (NBS), 56.65% (representing N22.8 trillion) of household expenditure was spent on food while the remaining 43.35% (N17.4 trillion) was spent on non- food items. We are also sharing news on how 200,000 jobs for Nigerians may be in jeopardy as Coronavirus threatened an estimated 160 Chinese firms operating in the country. Businesses and industries have shut down as Africa’s cases of COVID-19 topped over 60,000 on Saturday, May 9th – a third of whom have recovered – with deaths hovering around 2,000. Despite these threats, some Africans believe they cannot contract the deadly virus. Findings by Partnership for Evidence-Based Response to COVID-19 (PERC), a public-private partnership initiative, have shown. On the sports side, Local clubs and players are hopeful in Nigeria as football officials find applicable means to share FIFA’s $500,000 (about N180m) fund.