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Cross River State spent the sum of N39.42 billion by the end of the second quarter as a total expenditure. Within this period, 27 per cent of the amount spent was on capital expenditure and 73 per cent on recurrent expenditure
Imo State recorded a 52.8 per cent performance, having spent N100,7 billion of its proposed 190.73 billion. The other state’s expenditure performance is 40.77 per cent for Enugu State, 31.93 per cent for Abia State, and 31.75 per cent for Anambra State.
#DailyDataCard: Age distribution of Candidates for the 2023 Elections
In Osun and Ekiti states, 45 per cent of their agricultural expenditure was spent on capital expenditure. In Ondo State, 19 per cent of its agricultural expenditure was spent on capital expenditure, and 11 per cent was spent in Lagos State on capital expenditure.
The total domestic debt profile of subnational governments stood at N5.36 trillion by the end of the third quarter of 2022. Though the Debt Management Office (DMO) didn’t give a breakdown of the state government’s foreign debt, state government debt contributed 16.74 per cent of the total debt profile as of June 2022.
For weeks (in some places for months), there has been a scarcity of petrol across the country. The scarcity has heralded long queues at filling stations, and many stations are selling at prices that are way higher than the official pump price per litre. In many parts of the country, petrol is sold for as high as N250 per litre as opposed to the official rate of N165.
Two decades ago, just as Nigeria returned to democracy in 1999, a young Nigerian afro-pop musician emerged with a rather funny stage name, ‘African China’.
Non-state actors killed at least 60 civilians and security personnel in the first two weeks of the year, according to data published by the Nigeria Security Tracker.
A report by the Nigeria Extractive Industries Transparency Initiative (NEITI) revealed that the amount spent by the country on subsidies between 2005 and 2021, would have constructed three refineries with the capacity to refine 450,000 barrels of crude per day each.
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On May 26, 2022, Governor Bello Matawalle of Zamfara state emerged as the Governorship candidate of the All Progress Congress (APC) for the 2023 election.
The Debt Management Office, in a press statement, noted that Nigeria’s debt profile could reach N77 trillion by May 2023. The agency pointed out that this is due to the addition of Ways and Means (loans sourced from the Central Bank of Nigeria) totaling N22.72 trillion.
#DailyDataCard: Nigeria’s Military Strength 2023
The National Bureau of Statistics reported that Nigeria’s inflation rate in December 2022 was 21.34%. The headline inflation rate dropped by 0.60%, marking Nigeria’s first decline in inflation in 11 months.
About 4 of every 10 Nigerians are multidimensionally poor and experience deprivation in at least one of the Living standard-related deprivations that the National MPI 2022 captures for each household.
In the year 2000, the then Nigerian President, Olusegun Obasanjo, attempted to remove fuel subsidies. His administration argued that it cost the government $2 billion to subsidise the price annually.
