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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.
Nigeria has one of the largest out-of-school children figures globally. The country ranks 5th with 10.19 million out-of-school children. This figure accounts for 34% of the total children population in the country.
Data from the Federal Road Safety Corps and the National Bureau of Statistics says between 2013 and 2020, at least 41,709 persons have lost their lives to road crashes in Nigeria.
Nigeria, recorded a decline in trafficked persons from 1173 persons in 2018 to 1152 persons in 2019, representing a marginal decline of 1.79%.
Road transport data released by the National Bureau of Statistics shows that in Q2 2021, Light/Sign Violation was the second leading cause of road traffic accidents in Q2 2021, trailing only Speed Violation. According to the data, 440 of the 3983 road traffic accidents that occurred during the period were caused by a light/sign violation.
The South Eastern part of Nigeria comprises five states; Ebonyi, Enugu, Imo, Anambra and Abia. For many months now, the region has been battling with a crisis strengthened by agitation for secession.
The federal government of Nigeria has approved a budget of N17.13 Trillion (N17,126,873,917,692) for the 2022 fiscal year. While the federal government plans to spend this amount as total expenditure, it hopes to generate revenue to the tune of N10.74 Trillion (N10,740,803,831,543).
The average monthly reserve held by banks in Nigeria summed up to N10.21 trillion as of November 2021. The total reserve for the eleven months was N112.27 trillion.
Details of the approved 2022 budget have shown that the country will spend the sum of N177.33 billion on Population and Housing Census in 2022.
Ebonyi State is one of the five Southeastern states in Nigeria and like all of the region, sectional agitations, conflict, and violence are the issues that have taken centre stage. However, before these challenges, states in the southeastern region have long faced development deficits.
N26.17 trillion was the total figure of unbanked money in Nigeria from January to November 2021. This figure was the amount of money circulating in the Nigerian economy for various transactions that is not accounted for by the country’s banking system.
President Muhammadu Buhari has signed the 2022 budget. The revised budget is N17.1 Trillion from an initial N16.4 Trillion presented to the National Assembly. The additional changes, driving up the budget figures, were done by the National Assembly.
Details in the final copy of the 2022 budget of the country have shown that over 22 per cent will be spent on debt servicing.
President Muhammadu Buhari was 79 yesterday. Since winning the 2015 Presidential elections and again in 2019 he has now celebrated 7 birthdays as President.
