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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...

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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. ...

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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). ...

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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...

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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....

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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. ...

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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...

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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. ...

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