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 What is bitcoin and how does it work? Source What Is Bitcoin And How Does It Work? – Forbes Advisor Short answer What is bitcoin and how does it work? Bitcoin is a decentralised digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Core ... 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 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