#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
#YouAsked Economy Did the Kenyan economy grow over the pandemic period? Source World Bank: Kenya’s Economy is Showing Resilience as Output Rises Above Pre-Pandemic Levels Driven by a Rebound in the Services Sector Short answer Did the Kenyan economy grow over the pandemic period? Kenya's economy has demonstrated resilience to the Covid-19 shock, with output in the first half of 2021 rising above pre-pandemic levels. In 2021 as a whole, gross domestic product (GDP) grew by 5%, one of the faster recoveries among Sub-Saharan African countries. ... Back Full answer
#YouAsked Economy Did the Oyo state Internally Generated Revenue (IGR) increase by 26.4% without additional tax? Source Internally Generated Revenue At State Level H1 2020 (Nigerian Bureau of Statistics) Short answer Did the Oyo state Internally Generated Revenue (IGR) increase by 26.4% without additional tax? Oyo state generated N17.7billion in the first half of 2020 which is higher than the N14 billion it generated during the same period of 2019. The total tax for the first half of 2019 was N10.8 billion while the total tax for the first half of 2020 was N5.98 billion. Its revenue in the first half of 2... Back Full answer
#YouAsked Economy Was fuel in Nigeria sold at N600 in 2013? Source Premium Motor Spirit (Petrol) Price Watch October 2020 (National Bureau of Statistics) Short answer Was fuel in Nigeria sold at N600 in 2013? The average price paid by consumers for petrol increased by 0.07% month-on-month from N161.06 per litre in September 2020 to N161.17 per litre in October 2020.... Back Full answer