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Nigeria’s revenue-to-GDP ratio is nine percent, as against Ghana’s 13 per cent, Kenya’s 17 percent and Angola’s 21 percent. So, for Tinubu, borrowing in the short term may be inevitable, but he must now do so with tact, experts say.
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The oil and gas sector took a lot of loans that they could not pay back, thereby raising banks’ exposure to non-performing loans (NPLs), a Dataphyte review of financial statements of banks has shown.
Medical doctors in Nigeria have embarked on industrial actions (strikes) several times to ventilate their demands in the last two decades. They carried out this action for 265 days between 2000 and 2021. The last was an indefinite strike in 2021, which was called off on October 6, 2021.
Inflation has risen globally, which has increased the cost of goods and services. The global inflation rate increased from 4.7 percent in 2021 to 8.75 percent in 2022 and is projected to further rise in 2023 due to Russia’s war in Ukraine and US-China trade war.
This is it: All over the world, the price of petrol, diesel and kerosene are relatively close. Petrol has the highest price, followed by diesel and kerosene. In short, petrol is the costliest and kerosene is the cheapest.
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Despite INEC’s efforts to organise a hitch-free general election, several flaws manifested on the election day. First, was the late arrival of electoral officials in some polling units, insufficiency of election materials, inability of some electoral officials to operate the BVAS machine, to mention but a few, were visible.
#DailyDataCard: Governors Seeking Re-Election in the 2023 Gubernatorial Election
From this ranking, data show that corruption is far worse today in Nigeria than it was in 2015 when Buhari came into office, contrary to the recent claim of the president that he had delivered on all his campaign promises, one of which was fighting corruption.
#DailyDataCard: States with Off-Cycle Governorship Election and their Election Dates
#DailyDataCard: Nigeria’s Foreign Trade in Q4 2022
#DailyDataCard: Sectors with the Lowest Contributions to Nigeria’s GDP in 2022
#DailyDataCard: Sectors with the Highest Contributions to Nigeria’s GDP in 2022
#DailyDataCard: Women Representation in Nigeria’s 2023 Elections
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Dataphyte was the first to give a detailed prediction of a clear win for Bola Ahmed Tinubu of the All Progressives Congress (APC) at the first round of elections, without a tie and a need for a run-off election.
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Nigerians will go to the polls on Saturday (today) to elect their president and National Assembly members in a make-or-mar election that will define the country’s trajectory.
