Tag
.webp)
According to a report by Dataphyte, voter turnout in 2019, the lowest so far since the start of the 4th Republic, is the lowest turnout ever recorded in Africa.
According to the World Bank, Nigeria’s current account balance stood at a deficit of $16.98Billion in 2020 compared to a deficit of $14.63 Billion in the previous year making the 2020 current account balance the lowest Nigeria has recorded in the last three decades.
Capital importation totaled $1.73 billion in Q3 2021. Financing ranked highest, bringing in investments worth 469.17 million and making up 27.1% of the total capital importation for Q3 2021.
After an eight-month steady decline, Nigeria’s inflation rate picked up in December 2021. Though the increases were marginal, it ended the reign of the season of decline.
Out of Nigeria’s 1.7 million Persons Living with HIV/AIDS (PLWHA), 1.46 million of them have access to antiretroviral therapy (ART) as of 2020. Antiretroviral drugs reach 86.04% of the PLWHA population in the country.
A total of $1.91 billion was spent by the Nigerian government for international debt servicing and payments between January and October 2021.
Loans from the Chinese government to Nigeria increased from $1.465 billion in the first quarter (Q1) of 2016 to $3.593 billion in the third quarter (Q3) of 2021. This is a 145.27% increase in China loans over the period.
Of the N5.467 trillion approved for capital expenditure in the 2022 budget, the Ministry of Finance, Budget, and National Planning was awarded N941 billion. This makes up 17.21% of the total capital expenditure approved.
The federal government of Nigeria has approved a budget of N17.13 Trillion (N17,126,873,917,692) for the 2022 fiscal year. While the federal government plans to spend this amount as total expenditure, it hopes to generate revenue to the tune of N10.74 Trillion (N10,740,803,831,543).
The average monthly reserve held by banks in Nigeria summed up to N10.21 trillion as of November 2021. The total reserve for the eleven months was N112.27 trillion.
N26.17 trillion was the total figure of unbanked money in Nigeria from January to November 2021. This figure was the amount of money circulating in the Nigerian economy for various transactions that is not accounted for by the country’s banking system.
Over the last eight years, the aggregate approved national budget in Nigeria has had a 3.4% increase over the proposed. N75.96 trillion has been proposed as aggregate expenditure from 2015 to 2022, the approved figure as passed by the national assembly stood at N78.54 trillion.
As of November 2021, N496.17 trillion was given out as domestic credit after necessary deductions in Nigeria. Data shows that the net domestic credit given out increased steadily over the months.
