65% of the total revenue of the 36 states and the FCT in 2019 came from FAAC while the remaining 35% came from IGR of the states. From the IGR, over 60% came from the formal sector (PAYE) while 20% came from the informal sector (Other Taxes and Direct Assessment).
The consumer price index, (CPI) increased by 12.34% (year-on-year) in April 2020. This is 8bps higher than the rate recorded in March 2020 (12.26%). This is the eighth consecutive month of increase since August 2019 (11.02%) and the highest level since April 2018 (12.48%).
Download Story Telling with Data by Cole Nussbaumer Knaflic.
5 Key things you should know about the poverty situation in Nigeria based on the Nigerian Living Standards Survey.
This article gives a brief summary of how the IMF expects the world to grow in 2020, highlight the top 10 countries to grow in 2020 (with special focus on Guyana), highlight countries that will fall the most in 2020, as well as give a special case study of selected African countries.
Over the past 10 years, Nigeria have recorded surplus (actual revenue minus budgeted revenue) in revenue during three periods and those periods are 2010, 2011 and 2014. In 2010, budgeted …
According to Enhancing Financial Innovation and Access (EFInA), financial inclusion is the provision of a broad range of high quality financial products such as savings, credit, insurance, payments and pensions, …
The Global Competitive Index (GCI) is an index introduced by the World Economic Forum (WEF) which is an annual yardstick (anchored on how efficiently units of labour and capital are …
This article explains the trouble that lies ahead of FAAC going forward by first graphically explaining the relationship between oil prices and total monthly allocation, then examining the trend in monthly revenue sharing since 2017, compare with other months and years, as well as forecast what will happen going forward given the global pandemic as well as the price war which have led to share decline in the price of crude oil in the international market.
Have you wondered by how much Nigeria will grow if oil price remains at this current rate? What is the impact of oil price of between $30 and $40 per barrel on real GDP growth rate of Nigeria in 2020 and going forward?
This article provides answers to that.