May 28, 2023/BudgIT The Buhari Years: What We Ordered vs What We Got – BudgIT reflects on the Buhari administration and its achievements, shortcomings, and regressive steps. This article focuses on the economic legacy of President Buhari. The outgoing administration of President Muhammadu Buhari will be assessed semi-chronologically, tracing the […]
OPINION/EDITORIAL
Ways and Means Advances raised to 15% of previous year’s actual FG Revenue
May 30, 2023/CSL Research The House of Representatives and the Senate approved an amendment to the Central Bank of Nigeria’s (CBN) Act, raising the ceiling of Ways and Means Advances (WMAs) from the apex bank to 15% of Federal Government Revenue from 5% previously. The National assembly gave the approval […]
Uninspiring GDP figures
May 26, 2023/Coronation Research The latest national accounts released by the National Bureau of Statistics (NBS) show that GDP grew by 2.3% y/y in Q1 ’23 compared with 3.5% y/y in Q4 ’22. Meanwhile, on a q/q basis, it contracted by -15.7%, reflecting slower economic activity compared with the preceding […]
