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In April 2022, Nigeria’s President, Muhammadu Buhari, said that his government had done much to create an enabling environment for micro-, small- and medium-scale enterprises (MSMEs) to thrive.
Dataphyte’s budget review revealed that Nigeria budgeted N341.570 billion for capital expenditure in the agriculture and rural development sector for 2023, the highest in five years.
#DailyDataCard: Domestic Debt Profile of States in Nigeria Q3 2022
THE Nigerian government has vowed to ramp up electricity supply, but it has been unable to utilise available power sector funds.
Inflation declined by 0.13 percent in December 2022, but this has an insignificant impact on prices of goods and services.
#DailyDataCard: Nigeria’s Currency in Circulation (Oct 2022 – Jan 2023)
In Bauchi State, 49 per cent of its expenditure was budgeted for capital expenditure, and 39 per cent was spent. Bruno State budgeted 63 per cent and spent 48 per cent, and Taraba State budgeted 48 per cent
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AHEAD of the 2023 general election, a coalition of 10 civil society organisations (CSOs), including Dataphyte, has identified 22 high-risk states that election stakeholders in the country and well-meaning Nigerians should pay closer attention to.
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.
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.
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.
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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.
