Governance & service delivery Where does Nigeria rank globally based on perceived public-sector corruption? Source Transparency International Corruption Index 2022 – Nigeria Short answer Where does Nigeria rank globally based on perceived public-sector corruption? Transparency International’s Corruption Perceptions Index records perceived public-sector corruption in 180 countries and territories. It uses a scale of zero (highly corrupt) to 100 (very clean), based on feedback from experts and business people. Nigeria improved its position in the global Co... Back Full answer
Governance & service delivery Where does Nigeria rank globally based on media freedom? Source Reporters Without Borders Short answer Where does Nigeria rank globally based on media freedom? Reporters Without Borders’ World Press Freedom Index ranks 180 countries based on how free journalists are as well as instances of abuse and violence against them. In 2022, Nigeria was ranked 129th out of 180 countries – 14 positions down from 2020. Based on its score, the country is consid... Back Full answer
Governance & service delivery Which part of Nigeria remains one of the most severe humanitarian crisis zones? Source Nigeria Humanitarian Fund Annual Report 2022 Short answer Which part of Nigeria remains one of the most severe humanitarian crisis zones? Northeastern Nigeria remains one of the country’s most severe humanitarian crisis zones. In 2022, the humanitarian situation in the region’s Borno, Adamawa and Yobe states remained fragile after more than 13 years of conflict, climate change, high food prices, and increasing numbers of people on... Back Full answer
Economy What is Nigeria’s public debt? Source National Bureau of Statistics: Nigerian Domestic & Foreign Debt (Q2 2023) Short answer What is Nigeria’s public debt? Nigeria's public debt stock, which includes external and domestic debt, stood at N87.38 trillion ($113.42 billion) in Q2 2023, up from N49.85 trillion ($108.30 billion) in Q1 2023, indicating a quarter-on-quarter growth of 75.27%. ... Back Full answer
#YouAsked Economy What is Nigeria’s balance of trade? Source National Bureau of Statistics: Foreign Trade in Goods Statistics (Q2 2023) Short answer What is Nigeria’s balance of trade? In the second quarter of 2023, Nigeria’s total trade balance was N12,741.96 billion. Total exports amounted to t N7,015.71 billion and total imports were N5,726.25 billion. ... Back Full answer
#YouAsked Economy How much does fuel cost in Nigeria? Source National Bureau of Statistics: Premium Motor Spirit (Petrol) Price Watch (November 2023) Short answer How much does fuel cost in Nigeria? The average retail price paid by consumers for Premium Motor Spirit (petrol) in November 2022 was N202.48,a 29.81% increase compared to the value in November 2021 (N167.60). ... Back Full answer
#YouAsked Economy What is Nigeria’s GDP per capita? Source World Bank: GDP per capita (current US$) - Nigeria Short answer What is Nigeria’s GDP per capita? The country’s GDP per capita (nominal GDP divided by the mid-year population) was US$2,184 in 2022 as per World Bank estimates. ... Back Full answer
Natural resources & energy Economy What is the contribution of the oil sector to Nigeria’s GDP? Source National Bureau of Statistics: Nigerian Gross Domestic Product Report Q3 2023 Short answer What is the contribution of the oil sector to Nigeria’s GDP? In nominal terms, Nigeria's GDP stood at N60.66 trillion in the third quarter of 2023. The oil sector contributed 5.48%) to the total real GDP that quarter, lower than the 5.66% figure recorded in the corresponding period of 2022, and also less than in the preceding quarter, when it contributed 5.34... Back Full answer
Economy What is the youth unemployment rate in Nigeria? Source The World Bank: Unemployment, youth total (% of total labor force ages 15-24) - Nigeria Short answer What is the youth unemployment rate in Nigeria? The World Bank defines youth as people between the ages of 15 and 24. In 2021, the unemployment rate among young people in Nigeria was 19.6%. ... Back Full answer