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Is Nigeria’s Inflation Rate The Highest Under Buhari?
Overview: Mr. Festus Kayamo said that Nigeria’s inflation rate under the current administration is not the highest figure when compared to the Obasanjo administration. We looked back at the figures reported to confirm his claim. The spokesperson for the presidential campaign council of the All Progressives Congress standard bearer, Festus Keyamo, has said that the…
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Nigeria’s Flood: Visualizing The Numbers
Nigeria experienced the worst flooding occurrences the West African nation has seen in decades. This report amplifies the numbers reported by authorities that suffered the impacts. Lawrence Office, 37, a father of three children was displaced from his home in Bayelsa state by floodwater. As he watch his house submerge, he was left with no…
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What Nigeria States Are Proposing For 2023
With almost 40 days into the new year, state governors are already setting the estimation for their financial expenditure. Being an electioneering year, some state governments might either hand over to a new government or transition into another tenure. However this turns out, the budget provides the expenses that the state would be allocating for…
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COP27: What Nigeria Is Pushing For
As the United Nations Conference of Parties 27 resumed in Egypt, the President, Muhammadu Buhari directed the Minister of Environment, Mohammed Abdullahi, to represent him in Nigeria’s delegation. According to the directive, Mohammed would lead other ministers and heads of agencies to the United Nations Framework Conference on Climate Change holding at Sharm El Sheikh,…
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Businesses Owned By Students Are Crumbling Under Nigeria’s Economy
As the country’s economic metrics have continued to maintain its upward trend, Nigerian students who combine academics with entrepreneurship are facing setbacks in growing their business. For Twentyten Daily, Quadri Yahya spoke to some of these students facing this hardship. In October 2022, Sarah Adegboyega, who owns a fashion accessories store, was making a profit…
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INVESTIGATION: Inside Cross River, Abandoned Projects Leave Communities In Grave Needs (Part 2)
Just like Odupkani, health centres in Akpabuyo local government in Cross River State have been abandoned after construction. Kehinde Ogunyale reports how this has affected the community’s healthcare. Every two months, Etim Ekpenyong, a businessman and farmer, earmarks N20,000 for the clinical and medical needs of his aged father. The father, Etinyin Ekpenyong, 93, is…
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Investigation: Cross River Communities Battle With Water Scarcity In The Midst Of Failed Water Projects (Part 1)
The Ifako Okoyong community, like several others in Cross River State, is littered with water scheme projects but the people are unable to access potable water for years.. Kehinde Ogunyale reports. Mary Ekpang goes through frustration in search of water every day. She treks several kilometers to a local stream for drinking and cooking water.…
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How Commercial Banks Performed In H1’ 2022
With over six months gone in the year, 2022, commercial banks in Nigeria have begun to disclose their profit before tax for the first half of the year. Profit before tax (PBT) is a measure of a company’s profitability that looks at the profits made before any tax is paid. It matches all the company’s…
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Elephants Are Devouring South Nigerian Farms
Having spent his entire life surrounded by forest, Kyrien Ojong (52) considered no other business as good as farming in Bamba community, located in southern Nigeria. All of a sudden, elephants started eating all of his crops. “When the gorillas entered my farm, they ate all my cocoa; both the ripe and unripe ones. They…
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Visualizing The Impact Of Insecurity On Teachers
With almost a decade teaching, Oseni Shukura earns N45,000 teaching 20 students. Now, she is forced to retire back to her house until it is safe to teach again. On Monday, 25th of July, students of Federal Government College, Kwali-Abuja, had to vacate the school after an order by the government to close the school…
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How Deforestation, Landslide And Wildfire Are Affecting Farmers In Cross River Communities
THE devastating effect of deforestation, landslide and wildfire is affecting the harvest of farmers in Cross River State in the southern part of Nigeria. Kehinde Ogunyale takes a look at this with special emphasis on women farmers. At 7 am, Regina Aboh is out of the house, with her cutlass and hoe, a big basket…
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“Fire immediately spreads”: Extreme Wildfires Become New Threat In This African Village
Climate Tracker visited the Olum community in South-South Nigeria to report how extreme wildfires are changing indigenous villages, forcing them to enact a law to control the flames. For Martins Abang (37) growing up in Olum village, an indigenous town located in Southern Nigeria’s Cross-River State, during the 1980s was a happy upbringing, surrounded by…
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Profiling NNPP’s Presidential Candidate, Rabiu Kwankwanso
Born on the 21st of October 1956, Rabiu Musa Kwankwaso comes from a village located at Madobi, to a Sunni Muslim Fulani family. He attended Kwankwaso Primary School, Gwarzo Boarding Senior Primary School, Wudil Craft School and Kano Technical College after which he proceeded to Kaduna Polytechnic for his National Diploma, and Higher National Diploma.…
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Tracking The Timeline Of ASUU Strike
On May 25. 2022, the Academic Staff Union Of Universities industrial action strike clocked 100 days. The strike which began on February 14, was extended for an additional 12 weeks in May after the union said the federal government had failed to reach an agreement over pending issues raised. Emmanuel Osodeke, the national president of…
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Profiling PDP’s Presidential Candidate, Atiku Abubakar
Atiku Abubakar was born on 25 November 1946 in Jada, a village which was then under the administration of the British Cameroons before becoming part of Nigeria. He was enrolled in a traditional school system, while growing up due to his father’s opposition for western education. This ideology made his father, Mr Abubakar, spend a…
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Mapping Ondo Attacks In Six Months
Insecurity in Nigeria has become a grave concern to citizens living in the country. Attacks by gunmen, kidnappers, militants and separatist groups have become too sudden, expanding from the northern region of the country, where it had much dominance, into other states in the southern region. The consistent security attacks have dampened the country’s economic…
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How Bank Profitability Performed in Q1 2022 (2)
Commercial banks in Nigeria have paid N25.1 billion as account maintenance fee in the first quarter of this year (Q1’22). This represents a 17 percent year-on-year (YoY) increase when compared to N21.4 billion the customers of those banks paid in the corresponding period of 2021, Q1’21. The Account Maintenance Fee (AMF) is the annual amount…
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Inflation: Nigeria Has Surpassed 16.0% Rate 25 Times In 88 Months
The National Bureau of Statistics has published that the consumer price index for April 2022 increased to 16.82 percent on a year-on-year basis. The recent figures are 1.3 percent points lower compared to the rate recorded in April 2021 (18.12) percent but 0.9 percent higher than March 2022. According to NBS the headline inflation rate…
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“We depend on the forest”: Logging Worsens Climate Impacts For Indigenous People In Nigeria
Despite providing habitation and means of survival for indigenous people in host communities, deforestation in Southern Nigeria is gradually pushing several forest kinds of wood indigenes into extinction. Micheal Otu (47) farms cassava and plantain in the indigenous community of Okonde Boki Local Government, in Nigeria’s southeastern Cross River state. Over 20 years, he has…
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Reviewing Nigeria’s 2021 GDP Growth (1)
The National Bureau of Statistics has reported that the country’s Gross Domestic Product increased by 4.03 percent in the third quarter of 2021. This is contained in its Gross Domestic Product Report Expenditure and Income Approach report for Q3, Q4 2021. According to the report, in the third quarter of 2021, Nigeria’s real GDP at…
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Inside The Illegal Trading Of Forest Woods In Cross River Community
Travelling into the Cross River forest as a researcher – let alone a reporter- to investigate the increasing impact of deforestation in host communities is considered deadly; as illegal loggers possess harmful weapons and are ready to kill anyone who questions their operations. These loggers, majorly youths in the host communities, negotiate with foreign buyers…
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Does Nigeria Have A Combined Unemployment Rate Of 55%?
Claim 1: A presidential aspirant for 2023 general elections has claimed that Nigeria has a combined unemployment rate (unemployment and under-employment) of 55 percent. Claim 2: He also claimed that 60% of Nigeria youths are unemployed (unemployment and under-employment combined) Verdict: FALSE. Data shows that these figures, when combined, are above the numbers stated by…
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How Bank Profitability Performed in Q1 2022 (1)
Findings by Twentyten Daily has shown that three Nigerian banks have recorded a cumulative amount of N104.8 billion in the first quarter of the year. Profit Before Tax (PBT) is the measure of the company’s profit before the payment of corporate income tax. It is listed on the income statement of the company. The primary…
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Comparing Q1 Inflation Rate Across Five Years
According to the latest figures from the National Bureau of Statistics, Nigeria’s Consumer Price Index rose to 15.92 percent in March 2022. This new figure was the highest the country has recorded since November 2021. In the first quarter of the year, Nigeria’s inflation rate grew from 15.60 percent in January to 15.92 recorded in…
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COVAX: How Nigeria Received Over 20 Million Doses In Two Years
On the night of Feb. 27, 2020, Nigeria reported its first case of COVID-19 in the country. The case was an Italian citizen who works in Nigeria and returned from Milan, Italy to Lagos, Nigeria on the 25th of February 2020. He was confirmed by the Virology Laboratory of the Lagos University Teaching Hospital, part…
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How Nigeria’s 2021 GDP Beats Projections
The National Bureau of Statistics, in its quarterly report, has published that the country’s Gross Domestic Product grew by 3.98 percent in the fourth quarter of 2021. This, which is considered as the strongest growth since 2014, translates to 3.4 percent as the annual GDP growth for 2021. According to the bureau, “Nigeria Gross Domestic…
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INFOGRAPHICS ON 2022 SUPPLEMENTARY BUDGET
Nigeria’s President, Muhammadu Buhari, transmitted the 2022 Appropriation Act (Amendment) Bill to the National Assembly. The president, in the letter entitled, “SUBMISSION OF THE 2022 APPROPRIATION AMENDMENT PROPOSAL” requested consideration and approval to accommodate the additional fuel subsidy funding. The six-page executive bill is expected to contain a provision for the payment of subsidy on…
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How FAAC Distributed N9.079tn In 2021
A compiled data of the Federation Account Allocation Committee disbursement has revealed that a total of N9.079 trillion was shared by all three tiers of government in 2021. According to the National Bureau of Statistics, the distribution was made to the Federal Government, States’ government and Local governments from revenue generated by agencies from tax,…
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How Insurgency Claimed Over 10,000 Lives In 2021
An analysis by Twentyten Daily has shown that a total of 10,366 individuals were killed by insurgency attacks or interventions in 2021. These figures indicated that at least 24 people died everyday owing to the constant insecurity threat facing the country. The figures, which were obtained from the compilation of media reported killings in 2021,…
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January Index: Inflation Crossed Average Five Times In 11yrs
An analysis by Twentyten Daily has shown that at the beginning of every year, between 2012 and 2022, Nigeria’s Inflation rate crossed an average of 12.43 percent five times. According to data collected from the National Bureau of Statistics report on Consumer Perception Index, that measures the monthly rate of inflation, in January for the…
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Nigeria Records 15 Jailbreak Incidents In 14 Months, Eight Were Successful
Between October 2020 and December 2021, Nigeria recorded 15 incidence of jailbreak across 11 states in the country. Within the period, eight of these incidents were successful with a total of 5,238 inmates escaping from prison. The affected states include: Edo, Ondo, Lagos, Abia, Delta, Imo, Bauchi, Kano, Kogi Oyo and Jos. While the Nigerian…
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How Travelers, Transporters Fail To Take Precautions Amid Increasing Cases Of COVID-19 (2)
For Twentyten Daily, Tijani Abdulkabeer and Matthew Piponsuhu, visited various parks in Ogun State, Southwest Nigeria, to observe the ignorance of travelers and transporters to COVID-19 protocols during the festive season despite recording increasing cases in the state. The number of new COVID-19 cases in Ogun State leveled up between December 1st and Dec. 22,…
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INFOGRAPHICS ON 2022 BUDGET
In October 2021, President Muhammadu Buhari, presented the 2022 Appropriation bill tagged a “Budget of Economic Growth and Sustainability.” It was estimated at ₦16.39trillion. The president said that the bill was designed “to build on the achievements of previous budgets and to deliver on our goals and aspirations as will be reflected in our soon-to-be-launched…
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How Travelers, Transporters Fail To Take Precautions Amid Increasing Cases Of COVID-19 (1)
For Twentyten Daily, Precious Ewuji and Faith Omoniyi, visited various parks in Lagos State, Southwest Nigeria, to observe the ignorance of travelers and transporters to COVID-19 protocols during the festive season despite recording increasing cases in the state. Funsho Olapade had set out on a sunny afternoon – just about five days to the Christmas…
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National Assembly Increased Budget By N1.92tn In Six Years
Between 2017 and 2022, the Nigerian National Assembly had increased the budget expenditure by a total of N1.915 trillion. While several controversies– including budget padding, repetition of projects, unnecessary allocation of funds– trail these increases yearly, the legislators have increased the budget by an approximate average of 0.31 billion yearly. Despite this increase, NASS, in…
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Meal For Learning (3): Traders Struggle To Stock Their Shops As Prices Go Up
For Twentyten Daily, Taiwo Babatunde visited market places around tertiary institutions and spoke to traders on the increase in food prices and how it is affecting the growth of their businesses Ugwu Jullieth is a trader at Oye market in Ekiti where she sells rice, beans and other food items. This market is just 50…
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Meal For Learning (2): Market Prices Stiffen Cooking Process, Alternative For Students
For Twentyten Daily, Abdulsemiu Monsuroh highlighted how Nigerian students are finding it difficult to adjust to the increasing food prices despite having income from their sponsors (parents/guardians). For Kabirat Arowona, a part two undergraduate of Pasture and Range Management at the Federal University of Agriculture Abeokuta(FUNAAB), cooking with Liquefied Petroleum Gas (cooking gas) has become…
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Meal For Learning (1): Nigerian Students Struggle With Increasing Food Prices
Despite the declining inflation rate in Nigeria, the persistent increase in food prices is affecting students in different tertiary institutions across Nigeria. Faith Omoniyi, for Twentyten Daily, spoke with several students who narrated their experiences studying in Nigeria’s unfavorable economic situation. Victor Awotubo, a student of english and literary studies in the Federal University, Oye-Ekiti,…
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At Least 30 People Were Killed Everyday In 9 Months
Between January to September, at least 30 people were killed in Nigeria, an analysis by Twentyten Daily has shown. The data was gathered from reports of media killings put together by SBM Intelligence within nine months– three quarters of the year. The data gathered from the deaths of civilians, insurgent criminals as well as security…
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Budget Presented, Signed From 2016 Till Date
President Muhammadu Buhari has presented a total of N54.41 trillion as proposed budget between 2016 and 2021. However, between 2016 and 2021, a total of N55.71 trillion has been approved. This implies that the National Assembly has raised the budget, within the period under review, by N1.3 trillion. Recall that due to the COVID-19 pandemic…
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Within Five Years, Almost All Depended On FAAC
Between 2016 and 2020, the 36 states in Nigeria earned N5.30 trillion. The states also got N10.19 trillion from the Federation Accounts Allocation Committee and borrowed N1.84 trillion from domestic sources. These figures are according to data from National Bureau of Statistics through analyses of IGR and FAAC data from the and domestic loans data…
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Explainer: VAT War Might Crush States Revenue
Value Added Tax, according to the Federal Inland Revenue Service, is a consumption tax paid when goods are purchased and services rendered. It is borne by the final consumer; that is all goods and services, both produced within or imported into the country, are taxable- except those exempted by the VAT Act. The VAT charge…
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Five States Lead Subnational Debts In Q2 2020
Data from the Debt Management Office has revealed that Lagos, Rivers and Akwa Ibom are the three most indebted states within the country at the end of the second quarter of 2021. The domestic debts owed by state governments and the Federal Capital Territory Administration stood at N4.12tn, representing 18.94 percent of the country’s domestic…
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Nigeria Received Over 9 million COVID-19 Vaccine In 6 Months
Between March and August, Nigeria has received a total of 9,916,320 doses of Covid-19 vaccines, Twentyten Daily tracked. Within this period, Nigeria received four types of vaccine; Oxford-AstraZeneca, Mordena Vaccine, Johnson and Johnson and Covishield COVID-19 Vaccine. A total of 5,338,640 doses of Oxford-AstraZeneca vaccine was given within the period; 4,000,080 Morderna doses; 177,600 doses…
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How Countries Are Losing ‘dollars’ To Twitter Ban
Nigeria Since the Federal government has banned the operation of Twitter in Nigeria, the country has cumulatively lost over N200 billion. The ban which took effect in the country on June 5 has reached 3 months of shutdown. This figure was calculated based on the NetBlocks Cost of Shutdown Tool which reported that it costs…
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INFOGRAPHICS: How GDP Rose In Three Months
The National Bureau of Statistics in its GDP Report for the second quarter of 2021 published that Nigeria’s Gross Domestic Product grew by 5.01 percent in the three month. According to the report, the 5.01 percent marks three consecutive quarters of growth following the negative growth rates recorded in the second and third quarters of…
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INFOGRAPHICS: How Capital Importation Fell In Three Months
The National Bureau of Statistics reported that the total value of capital importation into Nigeria fell to $875.62 million in the second quarter of 2021. Between January to March of the same year, Nigeria had a capital importation of $1.91 billion. The bureau stated that this represented a decrease of 54.06 percent compared to Q1…
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States’ Judicial Panel Submit #EndSARS Reports
In what was tagged to be a non-partisan solidarity demonstration against excessive abuse of authority, Nigeria youths in October 2020 championed a nationwide protest demanding the dissolution of the Special Anti-Robbery Squad (SARS) over its extra-judicial brutalities against the youth. Although the protest started in 2016 when Nigerian activists, youths and celebrities signed a petition…
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INFOGRAPHICS: Forex Price Increase Over New Policy
The Central Bank of Nigeria, last week, announced the discontinuity of forex supplies to the Bureau de Change Operators in the country. The end of forex sales and new licence was approved after the Monetary Policy Committee two-day meeting. BDCs were set up to receive a weekly supply of FX from the CBN for onward…
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INFOGRAPHICS: 2021 Supplementary Appropriation Bill
After a meeting at the Presidential Villa in Abuja, President Muhammadu Buhari has assented the 2021 Supplementary Appropriation Bill of N982,729,695,343 into law. This disclosure was made by the Senior Special Assistant to the President on National Assembly Matters, Mr Umar El-Yakub. El-Yakub said that the 2021 Supplementary Appropriation Act will largely focus on funding…
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INFOGRAPHICS: Countries Moving To Launch Cryptocurrency
Having gained the interest of the majority – population and investors– countries are beginning to make provisions for the establishment of their digital currencies where their citizens can trade on a ‘regulated’ platform. The growth of cryptocurrency has been hindered in several countries after claims that the platforms can not be regulated or negates certain…
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INFOGRAPHICS: Over 5000 People Killed In 6 Months
The rising insecurity challenges in Nigeria have become a scar threatening the sovereignty of the country. These violent attacks have been perpetrated by militant terrorists, sub-ethnical groups, unknown or unidentified gunmen and bandits. The impact of these multiple attacks has led to the destruction of properties, displacement of people from homes and communities and…
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ANALYSIS: COVID-19, Cholera Threaten Nigeria Health System
Nigeria’s health care system might be under pressure to intensify efforts as it battles the increasing cases of COVID-19 and Cholera outbreaks in some states. COVID-19 pandemic in Nigeria had entered its third wave after the recent upsurge in reported cases. Nigeria now has over 168,000 cases of the virus with over 164,000 discharged and…
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Inside Kaduna Insecurity: How Over 170 Students Were Kidnapped
With an estimated population of 7.7 million people, Kaduna state is one of the northern region states that battles increasing insecurity challenges in Nigeria. These insecurity challenges range from farmer-herder conflict, kidnapping school children for ransom, and criminal activities by militant groups – all of which have led to multiple deaths, displacement of residents, destruction…
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ANALYSIS: COVID-19 Impact Hit Hard On Food Prices
As Nigeria gradually heals up from the impact of the COVID-19 pandemic on its economy, Nigerians are still finding it difficult to adjust to the skyrocketing prices of food stuff despite key indicators showing a slight relief on the country’s economy. Twentyten gathered that averagely, the prices of every ‘regularly consumed’ food product had doubled…
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How Insecurity, Poverty Threaten Education In Nigeria
“I’ve never felt this much pain in my life — it’s unimaginable .At first, they were demanding 800 million naira from the families of the kidnapped students … then they started killing the students to show they were serious,” Ojotun, whose 18 year-old sister was among students kidnapped in Greenfield University, Kaduna, had explained. He…
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How Twitter Promoted Movements In Nigeria (Part 2)
While the ‘indefinite suspension’ of Twitter has generated a lot of concerns in Nigeria, the microblogging platform had, in time’s past, been used to drive opinions of the people to the government or affected agencies. With an estimate of 40 million Nigerians operating on the platform, several movements have been staged through the use of…
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Nigeria Loses More To #TwitterBan (Part 1)
The Nigerian Government on June 4 announced – through the Ministry of Information and Culture– the indefinite suspension of Twitter’s operations in the country. “The Federal Government has suspended, indefinitely, the operations of the microblogging and social networking service, Twitter, in Nigeria,” the statements reads This suspension came after Twitter deleted a tweet by President…
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NIN Data: Over Half Of Nigeria’s Population Are Unregistered
In the early weeks of December, the Nigerian Communication Commission issued a directive to all mobile network operators to deactivate all SIM cards that will not be duly registered with valid national identity cards by December 30, 2020. At that time, only 41.5 million Nigerians of the estimated 200 million, according to the commission, had…
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ANALYSIS: Nigeria’s Insecurity Threatens Agricultural Growth
Nigeria’s agricultural sector might begin to plunge in its growth owing to recurrent insecurity challenges emanating from different parts of the country. The impact of these insecurity challenges, just like the COVID-19 pandemic, are beginning to deny farmers and traders access to grow crops and make sales respectively. The Nigerian Economic Summit Group has said…
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ANALYSIS: The Slow Rise To Recovery
Nigeria might be gradually taking steps towards achieving the 2021’s projection by the International Monetary Fund, as the latest figure on the Gross Domestic Product shows a slight increase by 0.15 percent within three months. The National Bureau of Statistics published that the GDP real terms growth is the second consecutive growth after the negative…
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INEC Fire: 12 States Affected in Two Years
Just as the 2023 General Elections draws near, there have been recurrent attacks on offices belonging to the Independent National Electoral Commission across all states in Nigeria. Reports gathered from several media outlets showed that, in the last two years, more than 15 INEC offices have been either burnt down or vandalised. Twentyten Daily observed…
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ANALYSIS: Food Inflation Drops 7 Months After Increase
For almost two years, Nigeria had faced a gradual increase in the prices of food products. The National Bureau of Statistics reported in March 2021, that the food price Index peaked to 22.95 percent. According to the Bureau, Nigeria has maintained a two digit Inflation rate since June 2015 when the record rose to 10.04…
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2023 election: Tinubu 36.6 percent votes, lowest since 1999
Hikmah Tiamiyu In the early morning of March 1, the Independent National Electoral Commission, INEC, announced the former governor of Lagos state, Bola Ahmed Tinubu who contested under the flagship of the ruling party, All Progressive Congress as the winner in the just concluded presidential elections amidst closely contested results. The election despite having 18…
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Only 3 of 92 female candidates win senate bid
Kowiyat Adepoju Following the results of senate election announced so far by the Independent National Electoral Commission (INEC), the All Progressives Congress (APC) has won 49 seats, maintaining its majority in the Senate. The Peoples Democratic Party (PDP) won 28 seats, the Labour Party won six, and the New Nigeria Peoples Party (NNPP), Social Democratic…
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In Nigeria electoral violence, low turnout is now a trend
Quadri Yahya In the early hours of Friday, Dec. 16, 2022, Christopher Elehu was murdered in his hometown in Imo State. The politician was contesting to represent his people in Onuimo local government area state constituency in the National Assembly. His death is one in a hundred in Nigeria. Persons in the local area suspected…
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