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Thus, while four states budgeted over 50 per cent of their expenditure on capital items in the southwest region, only one state implemented over 50 per cent of its spending on capital expenditure.
Kogi State, by the end of the second quarter of 2022, had the best budget implementation performance amongst the states in the North-Central region. The state implemented 69.18 per cent of its first two-quarters pro rata budget. It budgeted N72.95 billion and spent N50.46 billion.
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.
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.
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’.
“Whether you make sales or not, you will pay money daily for electricity,” a trader told Dataphyte, revealing that he and his boss (the owner of the business), depending on the business thriving and a lower cost of running the business to live daily.
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.
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N6.46 trillion of the approved N21.83 trillion 2023 budget is split amongst 10 ministries. This means that these ministries got 29.6 per cent of the total budget.
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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
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.
Nigeria’s defence budget has risen by 134.80 per cent in five years, a review of the budget documents of the ministry of defence has revealed.
