#DailyDataCard: Nigeria’s Currency in Circulation (Oct 2022 – Jan 2023)
#DailyDataCard: Nigeria’s Currency in Circulation (Oct 2022 – Jan 2023)
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FG to spend N3.85bn on feeding, travel in 2023
AMID Nigeria’s economic slump, the president and the vice president will be spending a total of N3.85 billion on feeding and travels in 2023.
Kaduna Records 84.3% Budget Implementation, Highest amongst North-West States
Other states’ performance shows that Katsina State had a recurrent capital expenditure composition of 50% to 50%. In Kebbi State, it is 59% to 41%, 71% to 29% in Sokoto State, and 86% to 14% in Zamfara State.
Ekiti Outperforms other Southwest States in Q3 2022 Budget Implementation
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 Records 69.18 per cent, Tops North-Central States in Regional Budget Implementation
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.
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Extend Deadline for Collection of PVCs, Civil Society Organisations tell INEC
Enough is Enough Nigeria in conjunction with other civil society organisations has called on the Independent National Electoral Commission (INEC) to extend the deadline for the collection of Permanent Voters’ Cards (PVC).
Regional Budget Implementation Report: Ekiti Tops other Southwest States
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.
Subnational Debt Profile in Four Charts
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.
Analysis: Why is there petrol scarcity?
For weeks (in some places for months), there has been a scarcity of petrol across the country. The scarcity has heralded long queues at filling stations, and many stations are selling at prices that are way higher than the official pump price per litre. In many parts of the country, petrol is sold for as high as N250 per litre as opposed to the official rate of N165.
3 China-Africa Metaphors
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’.
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2023 Budget: 10 Ministries Share 29.6 Percent of the Total Expenditure
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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2023 Elections: Performance Appraisal Time for States and their Governors – Zamfara State
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.
Nigeria to spend 76 per cent of revenue on debt servicing by 2025, how sustainable is this?
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.
Special Report: Inside Kogi Accountability System where Citizens and Government Interact via Technology
It was another Friday and Abullahi Adoga Ibrahim, 55, the Principal of Government Science Secondary School (GSS), Koton Karfe, one of the oldest secondary schools in Kogi State, sits in his office and supervises events around the school.
Nigeria’s Inflation Update: Nigeria’s Inflation decreased by 0.60%, the first time in 11 months
The National Bureau of Statistics reported that Nigeria’s inflation rate in December 2022 was 21.34%. The headline inflation rate dropped by 0.60%, marking Nigeria’s first decline in inflation in 11 months.