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 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
Economy What is Nigeria’s national debt? Source Nigerian Domestic and Foreign Debt Q3 2020 (National Bureau of Statistics) Short answer What is Nigeria’s national debt? Nigeria's Total Debt Stock (Foreign & Domestic), as of 30th September 2020 stood at N32.22 trillion (US$84.57 billion), a 3.9% increase when compared with N31.01 trillion (US$85.9 billion) recorded in June 2020. Domestic debt stock includes federal government bonds, treasury bills and promissory... Back Full answer
#YouAsked Economy What is Nigeria’s foreign trade balance? Source Foreign Trade in Goods Statistics Report Q4 2020 (Nigeria National Bureau of Statistics) Short answer What is Nigeria’s foreign trade balance? In the fourth quarter of 2020, the total value of Nigeria's exports was N3.19 trillion, while the total value of imports stood at N5.93 trillion. The country's trade balance was therefore N-2.73 trillion. ... Back Full answer
Natural resources & energy Economy What contribution does the oil sector make to Nigeria’s GDP? Source Nigerian Gross Domestic Product Q4 2020 Report (National Bureau of Statistics) Short answer What contribution does the oil sector make to Nigeria’s GDP? The oil sector contributed 5.8% to Nigeria’s real GDP, which is adjusted for inflation, in the fourth quarter of 2020. ... 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 What is Nigeria’s youth unemployment rate? Source Labour Force Statistics, Unemployment And Under-Employment By State - Q2 2020 (Nigerian National Bureau of Statistics) Short answer What is Nigeria’s youth unemployment rate? The country’s National Bureau of Statistics defines “youth” as people aged between 15 and 34. In the second quarter of 2020, the most recent data available, the unemployment rate among young people was 34.9%, up from 29.7% in the third quarter of 2018. ... 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
#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