Economy What is Nigeria’s total public debt? Source Nigeria’s total public debt portfolio as at December 2021 Short answer What is Nigeria’s total public debt? Data from the debt office shows Nigeria’s total public debt was N12.6 trillion ($65.43 billion) as of December 2015. In December 2021, it was at N39.56 trillion ($95.78 billion). ... Back Full answer
Economy What is the eNaira? Source Government of Nigeria: eNaira Short answer What is the eNaira? The eNaira is the Nigerian digital currency that is issued and regulated by the Central Bank of Nigeria. To start using the eNaira, you have to download the app from either the Google Play Store or Apple Store. You then enter identification details and after these are validated your account is ac... Back Full answer
Economy How true is the claim Rivers State has never allocated less than 30% of its budget to education? Source 2021 Rivers State approved budget Short answer How true is the claim Rivers State has never allocated less than 30% of its budget to education? According to the Rivers State approved budget, in 2020 the sum of N49.471 billion was proposed for the education sector which represents 9% of the state’s total budget. In 2021, some N30.466 billion was allocated to education representing 6.7% of the state’s total budget. ... Back Full answer
Economy Is President Buhari's food and travel budget N3.2 billion? Source Budget Office of the Federation Short answer Is President Buhari's food and travel budget N3.2 billion? No. It is N550 million less. According to the president's 2020 budget, 2,526,899,156 (N2.53 billion) was budgeted for the president’s travel and transport; 1,751,296, 576 (N1.75 billion) for international travel and transport, 775,602,580 (N775.60 million) for local travel and transport and 98,306... Back Full answer
Economy Agriculture How much does agriculture contribute to Nigeria’s GDP? Source Nigerian Gross Domestic Product Report Q2 2020 (Nigeria National Bureau of Statistics) Short answer How much does agriculture contribute to Nigeria’s GDP? In the second quarter of 2020 agriculture contributed 23.92% to Nigeria’s nominal GDP and 24.65% to Nigeria's real GDP when adjusted for inflation. ... Back Full answer
Economy Does Anambra state owe N200bn? Source Anambra State Debt Sustainability Analysis Short answer Does Anambra state owe N200bn? No. According to the government of Anambra State, as at 31 December 2020, it has a total of N85.197 billion in outstanding debt (N40.561bn external and N44.636bn domestic). ... 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
#YouAsked Economy What is the cost of fuel in Nigeria? Source Premium Motor Spirit (Petrol) Price Watch January 2021 (National Bureau of Statistics) Short answer What is the cost of fuel in Nigeria? The average price paid by consumers for premium motor spirit (petrol) decreased month-on-month by -0.97% from N165.70 per litre in December 2020 to N164.09 per litre in January 2021. ... Back Full answer