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Transparency International has released its latest Corruption Perception Index for 2021. According to its details, Nigeria ranks 154 out of the 180 countries ranked.
According to the report, the Ministry of Health grappled with impediments to budget execution as a consequence of delayed fund disbursement from the state’s treasury, resulting in setbacks in the timely completion of projects.
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However, the World Bank has agreed to act as administrator for at least four initial years. Additionally, nations that should pay in have been named, including the US, UK and EU. These wealthiest nations will be “urged” to contribute their fair share, while rapidly developing nations with major economies, like China, will be “encouraged” to pay in. There is not yet a set target for how much should be provided and by when.
The analysis above shows that most of the reasons citizens provided are largely endogenous. That is, they are more of the push than pull factors. This implies that the government has everything to give to stem the tide of the mass exodus of the country’s talents.
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%.
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A further review of the financial statements shows that the bank’s top management personnel, including the CBN governor, four deputy governors and seven non-executive directors of the bank, owe the bank N862 million as lo
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Different residents and community leaders who spoke with Dataphyte detailed how the railway had led to national prosperity but unfortunately to poor local access to education, healthcare, water, as well as low economic activities in the area.
Additionally, between 2020 and 2022, based on the registration figure released by the CAC on its website, 334,403 new companies were registered.
Ironically, Nigeria, the giant of Africa, was not among the top 10 countries with the highest score in Africa but was rather listed among the bottom ten with the worst passport quality in the region.
Food inflation in Nigeria has increased by 155 per cent from May 2014 to May 2023. This indicates that prices of goods and consumables have doubled over the past ten years.
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.
Absence of digital payment platforms ridicules the Federal Government’s pledge to introduce e-payment and booking platforms at train stations.
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.
