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Nigeria has continued to borrow money to fund its budgets, the 2022 budget, and the country does not plan to stop borrowing soon, as details on its Medium Term Expenditure Framework show that between 2022 and 2024, the country will borrow N14.8 trillion.
Regarding economic involvement and opportunity in Nigeria, women hold more than 64% of senior positions despite earning only half as much as men.
The Federal Road Safety Commission (FRSC), an agency of the federal government, has spent N5,600 on one unit of hand sanitiser (500ml) for a procurement deal worth ₦5.6 million. This is one of the many outrageous and inflated contracts as regards COVID-19 spending in Nigeria.
In the bid to discuss the corporate organisations for Post-COVID-19 economic recovery, DATAPHYTE on Friday, May 22, organised a webinar.
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.
For Today’s Numbers to Ponder, 1.9 million people are displaced from their homes in the North-East. The figure reported by UNICEF, is another alarming figure, a day after NBS reported high numbers of poor people in the region. Away from Northeast, the country’s opposition party has challenged VP Yemi Osinbajo to defend himself in the alleged N5.8 billion NEMA scam. The Government is already looking for ways to weather a pandemic tsunami on the economy and may further review the crude oil price in the 2020 budget down to $20 per barrel. Another FG effort will start evacuating about 4,000 stranded citizens across the world as a result of COVID-19 from today.
In April, Nigerian Governments spent at least N2 billion on cash transfer to 148,176 beneficiaries in 22 states. The funds were part of measures to cushion the effect of economic hardship caused by the coronavirus lockdown.
Though the sermon ridicules the potency of Coronavirus, Chibuzor’s mind raced out of the church to clients who will not open their offices the next day. The shouts of Amen to the proclamation of God’s safety in a time of the Coronavirus pestilence brought him back from the worries of a Monday without a day job.
