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Finances

Beyond Nigeria’s GDP numbers: Is it icing on the cake or the cake itself?

By Lawal Adekunle HamzahPosted on Posted in Articles, EconomyTagged , , , , , , , , 2 Comments on Beyond Nigeria’s GDP numbers: Is it icing on the cake or the cake itself?

According to the National Bureau of Statistics (NBS), Nigeria’s Gross Domestic Product (GDP) rose by 3.54% y/y in real terms in the second quarter of 2022 (Q2-2022). This shows that the economy expanded in Q2-2022 by 0.44% when compared to the 3.11% y/y recorded in the preceding quarter (Q1-2022) as the non-oil sector remains the key driver of growth. Similarly, this outturn represents an economic expansion on a year-on-year basis, albeit at a slower rate when compared to Q1-2021 (5.01% y/y) as the growth rate declined by 1.47%.

In their Numbers; Financial and Job Losses in the Aviation Sector Around the World

By Abdulazeez KurangaPosted on Posted in ArticlesTagged , , , , , No Comments on In their Numbers; Financial and Job Losses in the Aviation Sector Around the World

Due to the outbreak of Covid-19, countries have resorted to restricting movements, closing their borders as well as closing down the domestic economy (with the exception of essential services being allowed to move). Elsewhere, there was an oil price war between Saudi Arabia and Russia, which sent the price of headline crude oil to the […]

Data on Lagos State Finances (2016-2018)

By Abdulazeez KurangaPosted on Posted in DataTagged , , , , , , No Comments on Data on Lagos State Finances (2016-2018)

Between 2016 and 2018, Lagos State Government has spent N712.76 billion on recurrent expenditure while N703.36 billion was spent on capital expenditure. While N122.595 billion was obtained as Federal Allocation from 2016 to 2018, the Lagos state government was able to generate N853.95 billion as tax revenue during the same period under review. Lagos state […]

Understanding Lagos State Finances and its Preference for External Debt over Internal Debt

By Abdulazeez KurangaPosted on Posted in Articles, Business & FinanceTagged , , , , , , , , No Comments on Understanding Lagos State Finances and its Preference for External Debt over Internal Debt

Lagos State Government recently released its financial statement and we provide an insightful analysis into the state finances and its debt profile.

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