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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…
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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).…
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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…
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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.
