Nigerian States are in Billion Debt & Inflation is Higher!
Extra: An exciting insight on paternity fraud!
When the government of your state rehabilitates the deplorable road in your area; or the state governor executes a borehole project in your community; or he (no female governor in Nigeria!) pays off workers’ backlog of salaries, among other responsibilities; has it ever occur to you that the government is carrying out these projects with the money it doesn't personally own?
Well, either you know (or not), the latest data by the Nigeria Bureau of Statistics reveals states with domestic debt as of the second quarter of 2023.
Nigeria’s economic centre of Excellence, Lagos, leads by example, followed by the Big Heart state, Delta.
The Gateway state Ogun came third, while the Treasure based of the nation, Rivers is fourth on the top ten list of debtors.
Also, the Eastern heartland, Imo, the People's Paradise state, Cross River, and the Land of Promise, Akwa Ibom owes billions in debt.
The food basket of the nation, Benue, followed by the Pacesetter State, Oyo and the home of peace and tourism are at the bottom list with debts running into hundreds of billion naira.
Historic inflation under President Bola Tinubu
Many things have changed in Nigeria since last weekend when you received our newsletter, including the inflation rate.
In case there is a slight change in the prices of goods in the market, it's due to the rise in headline inflation now pegged at 23.12%.
The nation’s inflation rate is now like a bird, flying up, up into the sky; only that while the bird later finds a tree branch or a place to land, the people can only be hoping that economic reforms by President Bola Tinubu would drag the towering inflation – the highest so far since 2009 – down.
Oil-producing Nigeria imports petrol
At least, you know that Nigeria’s an oil-producing state; but you may not be aware that she imports motor spirit (the same petrol) worth trillion naira. Petrol was the most imported product in the second quarter of this year.
As you can see in the viz, Used vehicles, gas oil, durum wheat, kerosene-type, and cane sugar are also products Nigeria spends billions of naira to bring into the country for your use — and other purposes.
Whose child is this o?!
In case you’re yet to read the Twentyten Daily report on a DNA test result by a private testing centre in Lagos, SMART DNA, please do read the exciting report now.
But if you can’t read it at the moment, the visualisation gives you the gist, which includes: men being the initiator of most tests, and mostly on the male child in Yoruba-dominated states.
It’s amusing that the majority conduct paternity testing for ‘peace of mind’, while others for immigration or legal reasons.
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