Economy Which three countries in Africa have the least debt? Source International Monetary Fund: Africa Regional Economic Outlook (AFRREO) Short answer Which three countries in Africa have the least debt? Nigeria (8% of its GDP), Botswana (10%) and the Democratic Republic of the Congo (11.4%) have the lowest external debt, according to the International Monetary Fund. ... Back Full answer
Economy #YouAsked Is Ghana the country with the highest number of mobile money users in Africa? Source The 2017 Global Findex database Short answer Is Ghana the country with the highest number of mobile money users in Africa? No. According to the World Bank’s latest Global Findex database, 73% of adults in Kenya had a mobile money account in 2017. In Uganda and Zimbabwe, the figure stood at about 50%.The share of adults owning a mobile money account in Ghana in 2017 was 39%. ... 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 What is Ghana's debt to gross domestic product? Source GhanaFact Fact Check: Mahama’s claim on Ghana’s debt-to-GDP ratio in a BBC interview Short answer What is Ghana's debt to gross domestic product? Ghana’s debt-to-GDP rose to 71% as of 30 September 2020, according to the latest figures from the Bank of Ghana. However, the International Monetary Fund forecasts the country’s debt-to-GDP ratio will drop or rise slightly to 74.7% of the GDP in 2021. ... 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
#YouAsked Economy Did the Kenyan economy grow over the pandemic period? Source Quarterly Gross Domestic Product Report Second Quarter 2020 (Kenya National Bureau of Statistics) Short answer Did the Kenyan economy grow over the pandemic period? Kenya's real GDP, which accounts for inflation, contracted by 5.7% from 1 April to 30 June 2020 compared to an expansion of 5.3% in the same period of 2019.... Back Full answer