Published in Specials
On Today’s numbers to ponder, we review unremitted funds, the aftermath of the novel virus and aggregate expenditures.
October 1st, 2020
On Today’s numbers to ponder, we review unremitted funds, the aftermath of the novel virus and aggregate expenditures.
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Between the first and second quarters of 2020, the total value of trade in Nigeria fell by 27.30%. Compared to the total trade in Q2, 2019, we observe a decline of 27.46% in total trade for Q2, 2020, per the National Bureau of Statistics, foreign trade and goods report. And the reason, unbalanced trade, precisely exports which dived in the second quarter.
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The Indonesian authorities have commenced the digging of 6,000 additional graves for COVID-19 victims. The burial site, which spreads across a two-hectare plot of land, is located at the Rorotan public cemetery in the northern part of Jakarta, capital of Indonesia. Jakarta remains the epicentre of Indonesia’s COVID-19 outbreak, while the country is the worst-hit across Southeast Asia.
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Kwara Governor AbdulRahman AbdulRazaq on Tuesday directed that no further payment should be made to the contractor handling Kwara State College of Education road in Ilorin. ENETSUD Deputy Coordinator Comrade Aliu Mashood (Osho) told the Governor the audit revealed a disparity between what was contained in BEME and the actual job done with regards to the BEME contents, especially the length and the breadth of the road, amounting to ₦16.6m.
Credit: Skitterphoto
The Alliance for Surviving COVID-19 and Beyond (ASCAB), a coalition of 70 labour and civil society organisations (CSOs), reportedly discovered unremitted funds to the tune of ₦94.3 trillion. In a letter dated September 28 and addressed to President Muhammadu Buhari, Femi Falana, interim national chair of the coalition, said the unremitted money can fund the national budget for more than eight years.
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The Federal Government had proposed ₦12.66 trillion as aggregate expenditure for the 2021 fiscal year. President Muhammadu Buhari will present the 2021 budget to the National Assembly next week, the Senate president, Ahmad Lawan said. He said this in his welcome speech at the end of an executive session on Tuesday. The lawmakers resumed from their annual recess on Tuesday and proceeded into a closed-door session which lasted for over 90 minutes.
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Today, a new generation of Nigerians live through the country’s prolonged battle with two of its biggest socio-economic deficiencies – a protracted housing deficit and recurrent budget deficits.
A recent review of the 2019 Auditor General’s report by Dataphyte reveals that there was an unexplained net change of N668.162 billion in reserves of the consolidated statement of changes in net assets and equity.
Leading Media research and data analytics organisation, Dataphyte has released its maiden Dataphyte Advisory Note titled “the Nigerian post-oil Economy Advisory Note.
On Today’s numbers to ponder, we review unremitted funds, the aftermath of the novel virus and aggregate expenditures.
