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Infographics: Rice Production And Consumption In Nigeria
The Nigerian Customs Service (NCS) in a recent statement shared that the ban on the importation of foreign rice has boosted local production by a large percent, especially in the northern regions of Nigeria. Acting Controller of the Katsina Command, Alhaji Dalha Wada-Chedi, shared that the closure of borders by the present administration has pushed…
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Why UAE Refuses Work Permit Applications From Nigerians (Explained)
The Nigerians In Diaspora Organisation (NIDO) recently shared that about 512 Nigerians might likely be deported following the prolonged refusal by the UAE government to renew work permits. According to NIDO, the UAE government has suspended the issuance or renewal of work permits to Nigerians, forcing many Nigerians to be out of jobs. The post…
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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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Special Report: Zuckerberg’s Monopoly And Its Consequences
Three major social media services owned by Mark Zuckerberg suffered an outage around the world on Monday, October 4, 2021, causing varying financial losses for not just the users but for Zuckerberg. According to Bloomberg, Mark Zuckerberg lost more than $6 billion in personal wealth as the Facebook stock crashed by 4.9%, in addition to…
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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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Volcanic Eruption In La Palma: Why Africa Should Be Worried
A severe volcanic eruption rocked the island of La Palma in the Canary Islands archipelago off northwest Africa, forcing the evacuation of 6,000 people on Sunday, September 19, 2021. While thousands of small earthquakes have erupted on the island with a population of 85,000 people, research experts are putting out words on the possible damage these…
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Video Explainer On NDDC Audit Report
The Minister of Niger Delta Affairs, Godswill Akpabio, had submitted the forensic audit report on the Niger Delta Development Commission (NDDC) to President Muhammadu Buhari, through the Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami. Findings from the report states that 13,000 projects were abandoned in the region since the creation…
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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…