Kehinde Ogunyale

Freelance Investigative and Data Journalist

Gencos Lose N1.66tn In Seven Years

Nigeria’s power generation companies have suffered a loss of N1.66 trillion in seven years as a result of non-payment for deemed capacity. The Executive Secretary, Association of Power Generation Companies, the umbrella body for the Gencos, Dr Joy Ogaji, disclosed this at a stakeholders’ meeting on the Regulators Monitoring Programme on electricity organised by the […]Read More

In Three Months, Discos Lose N97bn To Energy Theft, Others

In the first quarter of this year, the electricity distribution companies lost a total of N97 billion to energy theft, capping of estimated billing and other factors. The Association of Nigerian Electricity Distributors, the umbrella body for 10 of the 11 Discos in the country, said the amount lost by the power firms rose by […]Read More

Tax Waivers Deprive Nigeria Of N5.16tn In 12 Months

After analysing data from the 2022-2024 Medium-Term Expenditure Framework and Fiscal Policy Strategy report, Nigeria lost about N5.16tn to tax reliefs granted on Value Added Tax, Company Income Tax and Petroleum Profit Tax in 2020. The report said Nigeria lost N4.3tn to reliefs on VAT, consisting of reliefs granted by legislature and compliance burden adding […]Read More

Currency In Circulation Rises To N2.84tn

Figures obtained from the Central Bank of Nigeria showed that the currency in circulation rose to N2.84tn in September from N2.79tn in August. The currency in circulation rose to N2.81tn in July from N2.74tn at the end of June. It fell to N2.79tn in May from about N2.80tn at the end of April. Currency in […]Read More

Communications Ministry Gets N129.59bn In Six Years

According to an analysis of budgets from 2016 to 2021, the Federal Ministry of Communications and Digital Economy have been allocated a total of N129.59bn in six years. Breaking this down, the ministry got N15.99bn in 2016; N19.33bn in 2017, and N19.77bn in 2018. The allocation dropped to N17.62bn in 2019 and N17.41bn in 2020 […]Read More

Nigeria’s Personnel Cost Rises by 79.48% In Four Years

According to data obtained from the budget implementation report of the Federal Government, the amount budgeted for personnel costs has increased from N2.29 trillion spent in 2019 to N4.11 trillion in the proposed 2022 budget. This shows an increase of N1.82 trillion or 79.48 percent in three years-a rise in the cost of recurrent expenditure. […]Read More

Sticky

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 […]Read More

Nigeria’s Debt-to-GDP Ratio To Hit 42% By 2026

The International Monetary Fund has projected that Nigeria’s government gross debt to Gross Domestic Product ratio will rise to 42 percent by 2026. The IMF which said this in the October 2021 Fiscal Monitor Report published on its website stressed that it is an increase  from 35.7 percent in 2021. It said the country’s gross […]Read More

Nigeria’s inflation falls to 16.63%, lowest in eight months

According to the National Bureau of Statistics, the inflation rate in Nigeria declined for the sixth consecutive month to 16.63 percent in September. Its lowest level since January this year. In its Consumer Price Index, NBS said the inflation rate fell by 0.38 percent from 17.01 per cent in August. The drop in headline inflation […]Read More

Pipeline Vandalism Rises By 26.5%

Pipeline vandalism across the country has continued to increase, despite lack of activities at the nation’s four refineries, with over 151 pipeline points in the first quarter of 2021. This is a surge of 26.5 percent when compared to 111 pipeline points recorded in the corresponding period of 2020. It was gathered that within the […]Read More