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In Three Years, States Generates N751.17bn From Road Tax, Others
The 36 states of the federation earned N751.17bn from road tax, direct assessment, and other taxes in three years. This is according to data collated from the National Bureau of Statistics. Direct assessment refers to a form of personal income tax used to assess tax for self-employed individuals or tax imposed on informal businesses by…
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Nigeria’s National Grid Provides Only 51.2% Of Electricity
According to the latest data obtained from the National Bureau of Statistics, generators provide 48.6 percent of the electricity consumed by power users across the country. A document by the NBS on Power Sector Data Preview showed that the national grid was providing 51.2 percent of the country’s power needs, indicating that many citizens in…
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Inflation Increases By 15.40% In November 2021
The consumer price index, which measures inflation, increased by 15.40 percent in November 2021. This is 0.51 percent points higher than the rate recorded in November 2020 (14.89) percent. On a month-on-month basis, the index increased by 1.08 percent in November 2021, this is 0.10 percent higher than the rate recorded in October 2021 (0.98)…
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Nigeria Imports N143bn Solid Minerals In Nine Months
From January to September 2021, Nigeria imported solid minerals worth N143.1bn. This is according to data collated from the National Bureau of Statistics which showed that the country exported N42.5bn solid minerals in the nine-month period, less than 30 percent of what it imported. It said, “The total value of trade in solid mineral goods…
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Non-oil Exports Rise By 205% In Five Years
Nigeria’s non-oil exports rose from N458.6bn recorded between January and September 2017 to N1.4tn within the same period of 2021. According to an analysis of data from the National Bureau of Statistics, within the five-year period, non-oil exports rose by N942bn or 205 per cent. Breakdown Analysis A breakdown of non-oil exports within the period…
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Agric Sector Records N1.7tn Trade Deficit In Nine Months
Between January and September this year, the agricultural sector recorded a trade deficit of N1.7tn as exports stood at N371.8bn while imports rose to N2.1tn. The latest National Bureau of Statistics’ foreign trade report has shown that the total value of trading in agricultural goods during the first three quarters of 2021 was N2.4tn. Breakdown…
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Nigeria’s Trade Deficit In Q3’21 To N3trn
Nigeria recorded a trade deficit of N3.023 trillion with her trading partners worldwide in the third quarter of 2021, Q3’2021. This is coming even as total merchandise trade stood at N13.284 trillion during the period. The Statistician General and Chief Executive Officer, National Bureau of Statistics, NBS, Dr Simon Harry, noted that the total trade…
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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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Manufacturing Output Hits N7tn In Q3′ 2021
According to data contained in the latest Gross Domestic Product report released by the Nigerian Bureau of Statistics, in the third quarter of the year, the manufacturing sector recorded a total output of N7.1tn. The N7.1tn is higher than N5.4tn recorded in the second quarter of 2021. The output of N7.1tn for Q3 2021 also…
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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…