Economy What is Nigeria’s national debt? Source National Bureau of Statistics: Nigeria's Total Public Debt as at June 30, 2022 Short answer What is Nigeria’s national debt? Nigeria's Total Debt Stock (Foreign & Domestic), as of 30 June 2022 stood at N45.5billion (US$103.3 million). ... Back Full answer
Economy How many small to medium enterprises (SMEs) are there in Nigeria? Source Africa Check FACTSHEET: What the numbers say about the fortunes of Nigeria’s women Short answer How many small to medium enterprises (SMEs) are there in Nigeria? In Nigeria, the official statistics agency regards small and medium enterprises as businesses that employ 10 to 199 people. A national survey in 2017 found that Nigeria had 73,081 such businesses. ... Back Full answer
Sex & gender Economy What share of Nigeria's female population is employed by SMEs in Nigeria? Source Africa Check FACTSHEET: What the numbers say about the fortunes of Nigeria’s women Short answer What share of Nigeria's female population is employed by SMEs in Nigeria? The statistical report on women and men showed 43.43% of people employed by these businesses were women. ... Back Full answer
Economy How much of Nigeria’s oil assets are held by individuals? Source Africa Check FACTSHEET: What the numbers say about the fortunes of Nigeria’s women Short answer How much of Nigeria’s oil assets are held by individuals? According to the Organization of the Petroleum Exporting Countries (Opec), Nigeria has 36.9 billion barrels of crude oil reserves. These are held in oil blocks owned by both companies and individuals. Exploration and crude export activities in these oil blocks sometimes use a joint venture, an ag... 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 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