State Governments Contribute 16.74% of Nigeria’s Total Debt
Nigeria’s total public debt rose to N44.06 trillion at the end of September from N42.85 trillion in June 2022.
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Nigeria’s total public debt rose to N44.06 trillion at the end of September from N42.85 trillion in June 2022.
The new voter register released by the Independent National Electoral Commission (INEC) on January 11, 2023, shows that 93.46 million Nigerians are eligible to vote in the 2023 general election.
Through the carefully crafted narrative, the variegated chart, and our varied art forms, we desire that, together, we can make sense of mined facts for informed perspectives and measured decisions throughout the year 2023.
For Today’s Numbers to Ponder, COVID-19 has disrupted the distribution and revenue of newspaper publishers. From a short online poll conducted by DATAPHYTE, out of 778 people, only 45 buy a newspaper every day, while about 24 buy once a week. We are also sharing news of alleged grand corruption at the Lagos State House of Assembly. According to Sahara Reporters, Speaker of the House, Mudashiru Obasa; Deputy Speaker, Wasiu Eshilokun-Sanni; and 17 other members received N80 million as estacode after attending a five-day event in Dubai, United Arab Emirates. Not yet Uhuru for former Abia Governor Senator Theodore Orji. The ex-governor is answering questions on how he spent N38.8billion security votes during his eight years in office.
For Today’s Numbers to Ponder, food consumed outside the home gulped N4.6 trillion from citizens constituting 20.19% of the overall food expenditure for 2019. According to the NBS household consumption data, Nigerians spent N22.8 trillion on food expenditure. On Wednesday, the Federal Government revised the 2020 budget to N10.5 trillion, a difference of about N71.5 billion when compared to the initial approved budget. The Government adjusted the budget in line with current economic realities due to the coronavirus crisis. Children are unsafe as the COVID-19 pandemic weakens the health system. UNICEF says an additional 950 Nigerian children, mostly under-five years, could die daily from preventable causes over the next six months.
For Today’s Numbers to Ponder, 82.9 million Nigerians are living below N400 per day, putting Nigeria officially on the map of nations in extreme poverty. This figure means that an average of 4 out of 10 individuals in Nigeria live on about $1 per day. On the COVID-19 frontline, the Central Bank (CBN) has challenged Nigerian Scientists to develop homegrown vaccines for the treatment of the virus. Godwin Emefiele, CBN governor, said the apex bank has launched a N100 billion healthcare intervention fund to support them. Despite efforts by the apex bank to increase liquidity in the forex market, the Naira-dollar trade at N445 in the parallel market due to dollar scarcity. In politics, President Muhammadu Buhari has sent a letter to the National Assembly requesting the approval of 42 nominated career diplomats in accordance with section 171(2)(1c) and Subsection 4 of the 1999 constitution.
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, consumers spent a record N40.2 trillion on household consumption comprising food and non-food items. According to the National Bureau of Statistics (NBS), 56.65% (representing N22.8 trillion) of household expenditure was spent on food while the remaining 43.35% (N17.4 trillion) was spent on non- food items. We are also sharing news on how 200,000 jobs for Nigerians may be in jeopardy as Coronavirus threatened an estimated 160 Chinese firms operating in the country. Businesses and industries have shut down as Africa’s cases of COVID-19 topped over 60,000 on Saturday, May 9th – a third of whom have recovered – with deaths hovering around 2,000. Despite these threats, some Africans believe they cannot contract the deadly virus. Findings by Partnership for Evidence-Based Response to COVID-19 (PERC), a public-private partnership initiative, have shown. On the sports side, Local clubs and players are hopeful in Nigeria as football officials find applicable means to share FIFA’s $500,000 (about N180m) fund.
For Today’s Numbers to Ponder, 33 States out of 36 States in Nigeria may find it difficult to pay workers’ salaries from the end of May 2020 over dwindling oil revenue. Kaduna and Nasarawa have already announced a pay cut. The Federal Government is expecting another $319m (N121bn) Abacha loot from the UK and France, the US Embassy in Nigeria said. In another news, as COVID-19 wreaks havoc, the United Nations has launched a $7 billion Global Humanitarian Response to help and protect the most vulnerable people in no fewer than 60 of the world’s poorest countries. To continue the fight against Coronavirus, US President Donald Trump has approved 250 ventilators to Nigeria among other countries.
On May 1st, 2020, the Nigeria Centre For Disease Control (NCDC) announced that confirmed cases of coronavirus have reached 2,170, with 351 recoveries and 68 deaths. The new figure is in line with Dataphyte’s predictive analysis that COVID-19 cases would reach 1,885 by May.
Acceleration, deceleration, increases, and decreases are measures of change and they provide useful insights for projections and analysis.