A look at what each of the 36 federation states contributed to the Value Added Tax and what each received from the FG in 2024 shows that some states received more than they contributed in VAT while some got less than their contributions. States like Lagos, Rivers, Oyo, and Bayelsa received less than what they … Read more
On December 11, Nigeria once again witnessed its 11th electricity national grid collapse in 2024. Most part of the country was thrown into darkness following the electricity grid collapse, dropping from about 3,000 megawatts around 1:00 pm to zero megawatts by 2:00 pm. Barely a month ago, at exactly 11:29 a.m., most power distribution firms … Read more
The South West geopolitical zone of Nigeria has long been a major player in the country’s internally generated revenue (IGR), but over the years, the distribution of this economic contribution has shifted significantly among its six states, according to data from the National Bureau of Statistics, 2023. By comparing the geopolitical zone’s IGR contributions in 2007 … Read more
In 2023, a report on Internally Generated Revenue (IGR) in Nigerian states highlighted Kaduna as the only state from the northern region to break into the top 10, bringing in ₦62.49 billion, National Bureau of Statistics (NBS) has revealed. While poorest IGR states in 2023 is dominated by Northern states, Kaduna’s feat underscores its rising economic … Read more
In the 2024 budget, governors in Nigeria allocated significantly higher budgets to their offices compared to their Deputies, with some governors dedicating nearly 100 times more funds to their offices than those of their deputies. A comparative data released by StatiSense show that Lagos State leads with the highest allocation to the Governor Babajide Sanwo-Olu’s office at ₦66.84 billion, while ₦2.38 … Read more
Nigeria’s economic landscape tells an increasingly troubling story for certain states with extremely low Internally Generated Revenue (IGR). According to the National Bureau of Statistics (NBS), 10 states recorded the lowest IGR figures in 2023, with eight Northern states dominating the list. For context, Ogun State IGR (₦146.88 billion) or Lagos IGR in 2023 is more than the … Read more
Since assuming office on May 29, 2023, President Bola Tinubu has implemented radical changes in the leadership of security agencies, including paramilitary organizations, across the country. Here is the full list of Tinubu’s security team, including the heads of paramilitary bodies, their state of origin, and geo-political zone: 1) Minister of Defence 2) Minister of … Read more
The Federal Competition and Consumer Protection Commission (FCCPC) has described its exit plan by WhatsApp as a ploy to play on its users’ emotions instead of addressing the specific policy the messaging app violated. Nigeria’s consumer agency slammed $220 million fine on WhatsApp for data-related violations including transferring data of its Nigerian users with Facebook … Read more
A report by a data technology company Statisense has revealed that Nigerian mobile users made over 83 million visits to two of Nigeria’s betting sites on their mobile phones in June 2024. The data analysis site, which relied on a keyword research tool, Semrush, says the top five most visited sites on mobile phones by … Read more
On this day, May 29, President Bola Tinubu took oath of office as Nigeria’s president. May 29, 2024, makes it exactly a year in office when he announced that, “Fuel Subsidy is gone”, triggering an immediate hyperinflation of goods and services. Data collated from different sources such as Nigeria’s National Bureau of Statistics (NBS), Debt … Read more
There are 17.81 million out-of-school children in Nigeria, according to 2023 data by the United Nations Children’s Fund (UNICEF). Northern Nigeria accounts for 15.23 million while the southern part accounts for 2.58 million of the affected children. In another data, the Global Education Monitoring Report of the United Nations Educational, Scientific and Cultural Organization (UNESCO) put the global … Read more
Organised labour led by the Nigerian Labour Congress (NLC) and the Trade Union Congress recently proposed a N615,000 living wage demand, which they later reduced to N497,000. However, the Federal Government slashed the labour demand by more than 92%, by pushing forward N48,000 per month. The government later jagged it up to N57,000. While the government … Read more
A publication by the Transport for London (TfL) has revealed that High Commissions and Embassies owe a total of £143,527,113 as a congestion charge to the UK government. What is it? A £15 is a daily charge as a Congestion Charge if you drive within the Congestion Charge zone 7:00-18:00 (Monday-Friday) and 12:00-18:00 Saturday to Sunday and bank … Read more
The helicopter crash on Sunday, May 19, 2024, which led to the death of Iranian President Ebrahim Raisi has joined the list of aviation accidents that have claimed the lives of the Presidents or Heads of State of countries around the world. The Iranian President wasn’t the only one aboard when his helicopter crashed. Along … Read more
In terms of consumption of goods and services, total investment, net exports, and government spending, the 36 states in Nigeria are not equal. All these economic indicators put together contribute to states’ Gross Domestic Product. This table lists Nigeria’s 36 states by their estimated total GDP in 2021 according to a 2022 report by BudgIT, Nigeria’s civic organisation that uses technology to … Read more