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Fiscal Stability – A Need for States to Look Inward
The existing revenue-sharing structure of the government stifles innovation and prevents the state from looking inward to improve revenue since the Federal Allocation remains intact. The major source of revenue for most States…
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How Profitable is the Lagos Property Market?
This report examines the property market in Nigeria based on the data obtained from the NIESV.
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2019 States IGR Report: States are not Taxing the Informal Sector Enough
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…
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COVID-19: What we Learnt One Week after Gradual Ease of Lockdown
On 4th May, the first phase of the gradual ease started and residents of Lagos state and Abuja were able to go out to their places of work again. As an independent economic…
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COVID-19: Now is the Time for LASG to Lift Ban on Okada and Keke Napep
This article gives an insight into how the citizens will likely react to the ease of lockdown within the first few weeks. It also explains why the use of Okada and Keke Napep…
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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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Kwara State 2020 Budget: Good Intentions, Faulty Assumptions
Total revenue as at October 2019 was N85.12 billion which shows that revenue underperformed by 34.69% when compared with N130.38 billion projected revenue for 2019. Total expenditure as at October 2019 on the…
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More Than 90% of the 774 Local Government in Nigeria Exist to Only Pay Salaries
There have been different views on the activities of the 774 local government in Nigeria as the need to cut down expenditure arises while ensuring growth among all areas of the country. This…
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The World, Africa, West Africa and Nigeria’s Economy in 2018
In 2018, the International Monetary Fund (IMF) put the value of all goods and services produced in the world at $84.74 trillion with the United States as the largest economy in the world…
