#DailyDataCard: Nigeria’s Expenditure on Subsidy
#DailyDataCard: Nigeria’s Expenditure on Subsidy
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#ChartOfTheDay: Capital and Recurrent Expenditures in the Education Sector
ataphyte noted that the sum of N4.08 trillion has been allocated to the education sector between 2015-2021. If approved, the 2022 proposed budget would take total allocation to the sector over 8 years to N4.95 trillion.
In 5 Months, For Every ₦100 Earned, Nigeria Spent ₦72 on Debt Servicing
Between January to May 2020, Nigeria spent ₦1.07 trillion on debt servicing. This is revealed in the 2021-2023 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP) presentation of the Minister of Finance, Budget and National Planning, Ms. Zainab Ahmed.
Budget Cut: Ex-Militants Get Combined Allocations to NDDC and NEDC
Budgetary provisions from the revised 2020 budget have continued to stimulate discussion on Nigeria’s revenue management framework and the country’s commitment to development. From the meagre provision for healthcare and education to the untouched legislature expenditure, the budget revision has been described as unsatisfactory. But a further review of the revised budget reveals components that raise more questions. Provisions for the Presidential Amnesty Program (PAP) is one of such.
The Welfare of 47 Million Nigerians Hangs in the Balance Due to NDDC’s Mismanagement of 1.53 Trillion Naira
At least 1.534 trillion naira has been received by the Niger Delta Development Commission (NDDC) since its inception in 2001. This amount was allocated to the NDDC for expenditures on projects to reverse the huge infrastructural deficit in the nine Niger Delta states as a result of decades of government’s neglect and environmental degradation by oil exploration companies. However, the development crises that impact the oil-rich region with an estimated population of 46.8 million people remain unresolved. Expectedly, concerns are growing about the utilisation of the funds accrued to the Commission over the years.